Posted July 14, 2010
If Council confirms the East Mountain site for the Pan Am Stadium, where will the money for remediating the West Harbour come from?
Facilitator Michael Fenn suggested in his report on the mediation process between the City and the Hamilton Tiger-Cats that the City might be able to reduce its financial commitment to an East Mountain location and divert some of the money to the West Harbour.
However, Bob Young has stated that the Ticats' financial proposal for the East Mountain - which entails $15 million directly invested into the "stadium precinct" and 10 years of stadium management, which the Ticats value at $30 million - depends on the city committing all $60 million of the Future Fund, leaving nothing for the West Harbour.
Read the full article here: http://raisethehammer.org/blog/1812