 |
| Ivor Wynne Stadium |
A report by City staff that will be made public tomorrow is set to reveal that the Ivor Wynne Stadium renovations will cost between $156.5 million and $174.5 million, leaving a funding gap of $36.6 million to $54.5 million, something that the city cannot afford. Mayor Bob Bratina and Ti-Cat owner Bob Young unveiled the plan last week with Council allowing a study on the site, but with costs being more than expected, it is anyone’s guess what will happen at tomorrow’s Council meeting regarding the issue. With the February 1st deadline fast approaching, this could be the nail in the coffin that ends any hope of a stadium in Hamilton. There is still hope if the upper levels of government would increase funding to cover the massive gap or the Tiger-Cats and their Corporate sponsors fill the gap that exists for the project to go forward. Council will meet tomorrow to discuss the latest report by city staff and evaluate all the options.
174 million??? Other cities build NEW stadiums for that money?? We'll see how tomorrow's Council meeting unfolds. The province should be bringing in someone for a second opinion on the cost, $174 million makes no sense.
174 million??? Other cities build NEW stadiums for that money?? We'll see how tomorrow's Council meeting unfolds. The province should be bringing in someone for a second opinion on the cost, $174 million makes no sense.
No comments:
Post a Comment