Comment 88231

By -Hammer- (registered) | Posted April 26, 2013 at 17:27:50 in reply to Comment 88230

The Pan AM stadium is comming in at a total price tag of $145.7 million (I initially though $200 but I appear to be mistaken) although a great deal of cost overuns are apparently worked into the number (although I doubt we'll be seeing a dime back from it).

We ended up having to put in $45 million, which nearly emptied the future fund. It's nice that despite the location debate (which I hope doesn't reopen as a result of this post) we are getting a new stadium for a faction of the cost. That being said, even financing that small fraction some would say strained our finanaces.

So a fifth or sixth is probably closer to the mark, or a sixteenth if you consider how much we put in for the stadium, which makes things far, far worse. I'm to understand the LRT is estimated at $800 million for a B-Line, so needless to say if the city tried to do it itself, it would be a recipe for disaster.

Comment edited by -Hammer- on 2013-04-26 17:33:02

Still waiting for the Randle Reef mess to get cleaned up, but hopefully not much longer!

http://www.cbc.ca/hamilton/news/story/2012/12/18/hamilton-randle-reef-announcement.html

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