Comment 57600

By RenaissanceWatcher (registered) | Posted January 23, 2011 at 20:57:53

An article titled "Stadium stumble" by Emma Reilly has been posted on the Hamilton Spectator website tonight. She has obtained a copy of the city staff report on the Ivor Wynne Stadium refurbishment idea proposed by Mayor Bratina and Ticat owner Bob Young. The report indicates a cost of $156.5 to $174.5 Million to rebuild and refurbish Ivor Wynne Stadium, resulting in a funding gap of somewhere between $36.5 Million to $54.5 Million.

The report apparently states that Toronto 2015 estimates the cost of building the stadium at $156.5 Million and, on top of the basic stadium cost, the Tiger-Cats have various preconditions (stadium of at least 23,500 capacity, completely renovated north stands, new offices, parking lot, etc) that would cost an additional $18 Million, bringing the total cost to $174.5 Million.

The Tiger-Cats have apparently offered no financial contribution toward construction costs for the Ivor Wynne Stadium refurbishment proposal.

Ms. Reilly notes, "It also means that the only possibility that doesn't present a funding gap is a 5,000 seat stadium in the west harbour."

Here is the link to the article:

Comment edited by RenaissanceWatcher on 2011-01-23 21:20:29

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