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By Only 15? (anonymous) | Posted July 12, 2010 at 08:19:29
It's "only $15Million" says the writer above....wow, I wish I had only fifteen million dollars.
In fact if you break down the TiCat proposal it consists of $15M for construction of a new stadium, $5M to bring a professional soccer league to the stadium; $3M per year for 10 years to cover operating costs...that is a total of $30M and an additional $10M or so to attract and stage a Grey Cup game(s) in Hamilton.
So add that up; in new money it will be $60M over ten years by my calculation with the balance in operational costs to be paid wherever the team plays for a total of $74M...not a bad haul, I'd say!
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