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By CaptainKirk (anonymous) | Posted January 27, 2011 at 19:35:16
It was always my understanding that all municipalities are committed to 44% of capital construction costs for all facilities everywhere throughout the GTHA.
How people thought that changed is beyond me. Including councilors and staff. Even the city's last report kept the Toronto 2015 and city of Hamilton contributions at fixed amounts. That's wrong. They are percentages.
Am I seeing gross incompetence or am I failing to grasp the funding formula?
How can there be any shortfall if the two parties, are committed to 56% and 44% of construction costs for 15,000 seats?
Anything beyond the 15,000 seats was to be financed by the private sector.
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