Comment 43778

By HamiltonFan (registered) | Posted July 21, 2010 at 13:05:44

Ryan, the city doesn't have to fork out a dime if they wish, they can simply keep the Future Fund and do with it as they want. But it is obvious that they see some value in keeping the TigerCats in Hamilton otherwise I doubt they would have gone after the PanAm Games.

Also plug into Google "parking revenues" and just about any professional team out there and you will see it's an issue for teams in leagues such as the NFL and MLB as well. It's not just a CFL thing as some people seem to suggest or point to mom and pop operations. It's very much accounted for in many new stadium plans with cities and teams. Example, here's a line from wiki on the history of Yankee Stadium, yes even the mighty Yankees were looking at parking revenues:

"Shortly before leaving office in December 2001, he announced "tentative agreements" for both the New York Yankees and New York Mets to build new stadiums. Of $1.5 billion sought for the stadiums, city and state taxpayers would pick up half the tab for construction, $800 million, along with $390 million on extra transportation.[10] The plan also said that the teams would be allowed to keep all parking revenues, which state officials had already said they wanted to keep to compensate the state for building new garages for the teams."

Comment edited by HamiltonFan on 2010-07-21 12:43:29

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