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By Simon (registered) - website | Posted January 12, 2011 at 00:02:28
A stadium is not an "asset" any more than a bridge, or a sewer, or a telephone pole, or a car.
A stadium is a liability that costs money to run and maintain and has near zero value at the end of its lifespan.
Was the Skydome an "asset" to taxpayers when it was sold to Rogers for $545 million LESS than it cost to build in 1989.
A property with a loss of value of more than $500 million dollars over 15 years is not an freaking asset.
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