Councillor Brad Clark notes on his blog that the $45 million in Future Fund money that Councillors and Staff keep citing is suspect:
[S]ome councillors and some staff continue to talk about a $45 million contribution. In my books, we already spent $10 million trying to satisfy the Cats. Moreover, the original plan showed the City spending $5 million from the sale of [Ivor Wynne Stadium] lands. So, we are short $15 million because of this new plan.
Citing the staff report that estimates a total Ivor Wynne renovation cost of $156.5 million to $174.5 million, Clark asks: "I thought the Ivor Wynne proposal was supposed to be cheaper?"
After the $115 million committed from the Future Fund and Toronto 2015, the plan is still unfunded by $36.5 million - $54.5 million.
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