Comment 53911

By Slacker (anonymous) | Posted December 28, 2010 at 23:52:51

From Sportsnet...

"Angelo Paletta, the president of Paletta, said for the past three years he has envisioned developing a 125-acre property that the company owns, into a full centre of excellence for sports, entertainment and recreation. It would include a hotel, offices, residential condominiums, restaurants, retail stores and a 9,000-seat hockey arena, which has already been zoned."

Et la pièce de résistance...

"Paletta said the plan for the football stadium would not cost the taxpayers any money."

If that were true - FANTASTIC....but its obviously not true is it?

However, Paletta does make a good point - there is no reason $100 million plus of public subsidy needs to be spent to develop this property for a hotel, offices, residential condos, restaurants, retail.....

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