Comment 56035

By F. Ward Cleat (anonymous) | Posted January 12, 2011 at 14:19:23

A scalable '15,000 seat stadium' at the West Harbour site is at the very least as feasible as an Ivor Wynne rebuild, we just don't know it yet.
If we assume the $115 million needed to rebuild Ivor Wynne is accurate. Then Hostco would contribute $64.3 million or 56% and the City would be asked to put up $50.7 million or 44%.
On top of the $50.7 the City and Tiger-Cats would require for the 15,000 seat south stands Hostco may well pass the cost of the north stand retrofit back since it doesn't fall within their funding guidelines (15,000 seats). This additional cost is unknown but $10 million might be a conservative estimate.
Point being, the $115 million rebuild of IW could cost Hamilton $60.7 million or more, while the Hostco contribution shrinks to $54.3 or less depending on the cost of the north stand retrofit.
The Tiger-Cats need to admit West Harbour could work for them at least as well as IW. Flush out the real numbers and decide which option serves the City best.

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