Comment 53847

By Shempatolla (registered) - website | Posted December 27, 2010 at 21:43:00

@justsayin

If he isn't selling out at IWS, he isn't going to sell out past the first few games in a new building. Parking revenue from a half full stadium isn't going to help him. How much money can he be losing when the city pays the operating costs from IWS every year to the tune of $1.4 million, he keeps the revenue from beer, alcohol and concession sales and his rent on the stadium is about 27K a year?

It's all about the product on the field. The Detroit Red Wings played to cobwebs at the Joe Louis Arena in the 80s when they sucked. The stadium is in downtown Detroit. Down town Hamilton on its worst day looks like Shang Ri La compared to downtown Detroit. They started winning and guess what? Same building, same down town, full stadium. Profits followed.

It's not a hard lesson to learn.

And now we have the denouement. The " WE ARE GOING TO BUILD A NEW STADIUM IN ALDERSHOT" Gambit. Suddenly Mr Young has an investor willing to put up $30 million? LOL! Sure. On city owned employment lands in Aldershot? Right. They are having problems building a pier. You're telling me a community of 165000 is now going to build a CFL sized stadium? Can you say Glendale Arizona ?

God bless the fools if they actually try to do it.

Cheers

Greg Galante

Hamilton

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