Soccer? in the Tee-Dot?

So do we really need a $63 Million soccer stadium in the middle of exhibition place when we don’t even have any professional leagues? Yeah, read that again. $63 Million. (Less overruns).

It’s gonna be huge right? Nope. Just seats 20,000. Where’s the money coming from you ask? Well $10 Million from your very own taxpayers pocket. But the city doesn’t have the money at the moment so they’re gonna borrow it. So it’ll only cost them $16 Million with interest. Oh ok. I’m glad the finances are out of the way since the federal govt. is also chipping in $27 Million. acK!? How much? The province is paying $8 Million. Better and better. People in the province don’t have water to drink/bathe and have to relocated from their city, and here we are building soccer stadiums for teams that don’t exist.

Outside the stadium we’re gonna have a nice big giant video screen aimed at the Gardiner Expressway. Great more accidents, distractions and traffic buildups.

Oh best part is that MLSE will split any losses 50-50 with the city even though the city is giving the land away to MLSE rent AND tax free. The land is currently worth $10 Million. MLSE is pitching in $20M for the stadium of their own.

2 Comments so far

  1. swoononeone (unregistered) on October 29th, 2005 @ 9:12 am

    We do have a precedent. THE SKY DOME… That’s taxpayer money (for the most part) turned into an over sized ROGERS billboard. It will be interesting to see what company takes this “undervalued” asset off the taxpayer’s hands…

    This kind of thing has gone on for years… George W. Bush got the ball rolling in the late 90’s

    http://www.mollyivins.com/showMisc.asp?FileName=970509_f1.htm

    http://www.public-i.org/report.aspx?aid=539


  2. lorraine (unregistered) on November 2nd, 2005 @ 9:51 am

    I heard someone quip that by the time this soccer stadium was paid for, let’s say, in 20 years, that it would be time to replace it LOL



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