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By Simon (registered) - website | Posted October 16, 2012 at 12:06:08
The City does have one recourse still available - they are the owners and the Tiger Cats are the tenant. The City controls the lease and the usage rights.
I am a life long Tiger Cats fan - but my lifestyle and ultimately my income and property value depend on the viability of the City of Hamilton.
I will be able to put the stupid location fiasco, my current loathing for the Tiger Cats management, and this ridiculous cookie cutter high school stadium design behind me -
IF
Council for the City of Hamilton learns from its mistakes and DICTATES the terms of the lease to the Tiger Cats.
The lease MUST make the Tiger Cats 100% responsible for the FULL 54 million the City is contributing, mortgaged over the 50 year design life of the new stadium.
This is not a Pan Am stadium. The Tiger Cats hijacked the process, The Tiger Cats are clearly a partner with the Federal and Provincial Govn't while the City of Hamilton is not - so if they are made to pay their way - I will be able to move on and look forward to seeing the Tiger Cats playing in a Grey Cup at IW2.
The Winnipeg Blue Bombers have mortgaged $85 million to pay for their share of their new stadium.
It is up the the City of Hamilton - and wholly within their right as the owner - to offer a lease to the Tiger Cats that will pay for the FULL 54 million the City is investing over 50 years.
It is up to the Tiger Cats to accept the lease or not.
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