Comment 81856

By Zephyr (registered) | Posted October 17, 2012 at 16:18:21 in reply to Comment 81799

Looking like the Ticats and City agreed to amend their own parking bylaws to give the TiCats parking revenue. This from the MOU:

Point 37. "The Ticats intend to seek out opportunities to provide off-site parking for Stadium events. It is recognized that such opportunities may require amendments to bylaws or City regulations in order to come to fruition. The City will carefully review any such information with an objective and open mind and will consider amending necessary bylaws or regulations if such amendment is properly justified. Shoudl the offsite Stadium parking plan be implemented, the Ti-Cats will pay to the city 50% of the net earnings from the event parking".

The next paragraph (38) indicates that the City will use the parking proceeds to fund the "Ivor Wynne Community Fund".

SO according to the above the Ticats plan to benefit from amended bylaws to collect revenue from parking for ALL STADIUM EVENTS.

This would offset their paltry $450K annual rent payments.

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