Comment 49083

By CaptainKirk (anonymous) | Posted October 09, 2010 at 00:33:33

At first glance it looks like a good deal.

The city would pay $300,000 annually instead of the current $1.25m, plus the city gets $500,000 annually in tax revenue from associated development, and the Tiger-Cats would also pay $200,000 annually to a capital reserve fund.

Just wonder how opearting costs go from $1.25m at IWS, to $3m to $3.5m for a new stadium. Does it cost that much to run a more modern facility?

I also noticed that the province may agree to pay for land acquisition, and that funding for stadium construction must be determined by February 1, 2011.

Now let's here from private investors.



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