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By -Hammer- (registered) | Posted October 09, 2010 at 13:53:32
This deal seems pretty good to me. Lets look at it this way, this facility to replace IWS. Give that it is costing 1 mil a season, giving the Cats 300,000 (200,000 of that going directly to a stadium reserve fund managed by the city) and gaining 500,000 in potentiall tax revenue, that allows the city to use that additional tax money towards downtown revitalization. We also get rid of a brownfield and have a stadium with rail access that fufills the Ti-Cats needs. Also a potential soccer team, which say what you will, the Nutrilite Canadian championship will pack fans in that stadium with a NASL team due to our proximety to TFC.
I'm behind this, the only issue is finding a way to deal with the funding shortfall.
Still waiting for the Randle Reef mess to get cleaned up, but hopefully not much longer!
http://www.cbc.ca/hamilton/news/story/2012/12/18/hamilton-randle-reef-announcement.html
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