The city is the largest than expected 54.5 project cost millions report after Ivor Wynne Stadium public conservative funds million dollars short.
The audience and the public on Monday is set to be released to the report, obtained by the staff at the eastern end of the stadium to have cost $ 156.5 million to $ 174.5 million. In the current table and the City Government to fund a parent level, its $ 36.5 million US $ 54.5 million leaves a gap.
Ivor Wynne conservative proposal cost estimates mean-Mayor Bob Bratina and President of the long-running Ticats Stadium disputes: hope floats on the Bob young last-minute pitch — you can't afford the City Stadium is the latest in a string of options.
It also presents some of the funding gap is not the only possibility to 5,000-seat stadium in the Western Harbour.
"Shock by a number. It's even remotely, to achieve, "said Rep. Sam Merulla, who constantly renovating Ivor Wynne advocate."Just when we think of keep the drama ended. It's just the way. "
Report: employee received a quote from the Toronto 2015 infrastructure Ontario said it is $ 156.5 million fans meet CFL base am wrinkles renovation cost horse requirements. Cost of trashing and Ivor Wynne, book stands, and "switching costs" renovation of the South, including the reconstruction of the team during construction will not lose money.
Report from the Tiger-Cats 5 "premise" trading city and signature verification: employee says. This stadium has a capacity of minimum 23,500. And completely renovated in the north stand, regulation should be included.
CAT also has teams in their current Division 1 Jarvis St, go to the action in the arena of Ivor Wynne to new office space in the building of the city. Finally, the franchise 1500 team is not a controlled parking team wants to guarantee the "economic" the arena during the disadvantage renos.
These Ticat needs: an additional $ 18 total cost of $ 174.5 billion Stadium until take-a-million, costs.
In return, the cat, the 20-year lease signed and this football team, at least two Grey Cup game in Hamilton in the next decade would have tried. They are also the $ 3 ticket charges they guaranteed minimum in each year of $ 600,000 will bring the city to estimate. However, each game is available in 90 percent of the ticket plus 4,000 tickets football game cats to sell.
According to the report, the cat in the stadium for the cost of capital funds was strengthened in the future. The city is 45 million and the Government's top level 70 million dollars have provided.
The report also to the West harbour in the 5,000-seat arena building costs $ 60 million, no funding gap can be built with the points.
Lawmakers, who received the report on Sunday afternoon, they play the project's cost is high. Merulla his $ 90 million [NULL] 120 million range estimated the total cost will be.
"Basically financially back to where we started from and it is unaffordable, we" he said.
Rep. Brian McHattie lighting up those lines "phone" city and help mitigate the funding gap, the more money the Government had imagined between the top level. Otherwise, he said, there is a Tiger-Cats will satisfy you will be able to use other options.
"This late in the game, it is very frustrating to see this," he said. "With us not pushing this project or another so many do not see on the horizon."
Senator Tom Jackson said if a few will remove the cost — $ 10 million to repair the north stand and 7 million transition cost, including, but not limited to — the funding gap is where you will be able to cover the cost of the provincial superior to a point can be narrowed down.
Mayor Bob Bratina comment weight before he "Committee to discuss the opportunities that I prefer to have" refused to say.
Monday 1: Council to discuss the issue.
ereilly@thespec.com
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