By RTH Staff
Published December 20, 2010
this blog entry has been updated
The Toronto 2015 Pan Am Host Corporation (HostCo) issued a press release today announcing that they have enacted a contingency plan "to ensure seamless Games' competition venues construction" for soccer. Mississauga, Brampton and Markham have each expressed an interest in providing the Pan Am soccer stadium if Hamilton's stadium negotiations do not produce a confirmed plan by February 1, 2011.
HostCo CEO Ian Troop is quoted saying, "We have worked with the City of Hamilton to be as flexible as possible with timelines" as Hamilton attempts to work out and fund an agreement to build a stadium on the CP Rail Yard at Aberdeen and Longwood that can also accommodate the Hamilton Tiger-Cats CFL football beam once the Games are over.
The Spectator reports that the cost for the City to buy the CP Rail Yard has ballooned to $70-90 million plus environmental remediation and relocation of the current tenants, putting the total unfunded cost of a Pan Am stadium in the range of $150 million.
Both the Federal and Provincial governments have stated that they will not contribute any more money to cover the shortfall. Hamilton is already committing some $45 million from the Future Fund, and the Ticats have offered $8-10 million toward the stadium, to be paid over a decade.
Mayor Bob Bratina called an emergency Council meeting this Wednesday to look at alternatives, suggesting that Confederation Park might be an option. The old Council had previously voted to reject Confederation Park from consideration as a site, but the new council could reverse that decision with a simple majority.
Council had voted repeatedly in support of its preferred stadium site at the West Harbour, but the Ticats rejected that site, stating that they would "never" play there. The CP Rail Yard site was an attempt to resurrect a deal after Council rejected a compromise East Mountain site recommended by facilitator Michael Fenn.
Update: this blog entry originally stated that Council needed a two-thirds majority to overturn a previous decision. However, it seems to be the case that the new Council is not bound by decisions made by the previous Council.
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