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By Tybalt (registered) | Posted January 11, 2011 at 09:18:44
A new build on the IWS site is a vastly different kettle of fish from a refurbishment or renovation of the existing stadium, though.
Like Go, I do have concerns about hidden agendas here but realistically, the downside here is probably a white elephant - which was always the worst West Harbour downside in the first place. And a longterm lease commitment from the Ticats does mitigate the white elephant concern slightly.
(One could argue that the downside is a half-finished stadium and no Ticats... which is why I'd wait to see the plans before buying in. Hostco's verbal commitments unfortunately aren't even worth the paper they aren't written on).
On reflection I may well end up liking this proposal more - the city can potentially bring a developer in to work on a plan for West Harbour that dovetails with Setting Sail, Pan Am events at New Ivor Wynne can act as a catalyst to finialize LRT on King East, and maybe the Cats can make a return to profitability.
Hey, a guy can dream.
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