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By Kiely (registered) | Posted August 10, 2010 at 20:13:16
Sports franchises are cash sinks and this city cannot afford the level of subsidization being demanded of it. Tough pill to swallow perhaps but it is the truth. If we want to talk pure economic reality, the Cats, the games and the stadium all offer marginal or even negative ROI.
The most economically sensible decision is to scrap the stadium idea, clean up the west harbour site and put a more cost effective rejuvenation project there. Take the rest of the Future Fund money and continue to clean up brownfields and update our aging infrastructure (basement flooding anybody?). This council should have made environmental stewardship and responsible government the city's "legacy". Unfortunately though this is a decision that seems destined to be made by hearts instead of minds and that is a recipe for wasteful spending... no matter the location.
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