Comment 48735

By H+H (registered) - website | Posted October 04, 2010 at 11:42:23

Jason has it exactly correct. The variables he mentions are all related to the true and total funding gap, not just the funding gap related to number of seats, which would not change because of the WH. We have to bear in mind that we've already spent $8 million to acquire land in the WH. We have another $2-3 million set aside to remediate the soil. Currently, we've purchased enough land to support the construction of the stadium.

One of the problems with the CP Rail site is that we would have to buy the entire site. CP will not sever a portion. It's all or none. Even with the Ti-Cats "willing" to purchase 10 acres next to the stadium for Ti-CatLand, it still means that Hamilton taxpayers are expected to buy and remediate the remaining 41 acres, which is far more land than we need. All of it would have to be remediated.

BTW, Steelcare pays $500,000 a year in taxes to the City. Sure, they may end up paying just as much after we pay to move them, but finding them an appropriately sized site that works as well as their current one won't be easy. Or cheap.

Comment edited by H+H on 2010-10-04 10:43:25

gcrawford

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