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By Vod_Kann (registered)
Posted December 15, 2011 at 15:21:30
Not in that release but the spec has them having to commit up to $21mil which put the price at close to $48 mil. It was origianlly 35-45mil. Did it go up again?
http://www.thespec.com/news/local/ar...-...
Milton gets the nod for velodrome, but …
The velodrome race is Milton’s to lose.
Officials with the 2015 Pan Am Games confirmed in a release this morning that the town of around 80,000 is their pick for the planned site of a permanent indoor cycling track.
But to seal the deal, Milton officials must sign a binding agreement by Jan. 24 promising to cover up to $21 million of velodrome building costs, according to the release.
Hamilton gave up its frontrunner status in the velodrome race in October after Pan Am officials rejected council’s $5 million offer towards a facility that could cost up to $45 million.
A late bid from Milton proposes to spend less than $5 million in taxpayer cash, but confirmed private sector contributions have already surpassed $7 million.
Milton hopes to building the velodrome alongside a planned “education village,” a proposed new satellite campus for Wilfrid Laurier University
The province has yet to give the green light for that development, however.
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I've listened to Roy Green I've respected Roy Green and you Bill Kelly are no Roy Green!
"Remember we don't pay them- they pay us!" -Scott Thompson defending CHML's pro-ticats East mountain stadium stance while being the Ticats exclusive radio right