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Time to Rethink that new Dome for your Favorite Sports Team?
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<blockquote data-quote="pickup" data-source="post: 768387"><p>What about the Skydome where the Toronto Bluejays play. Looks like public financing was involved:</p><p></p><p>Taken from wikipedia:</p><p></p><p>Stadium financing</p><p></p><p></p><p>Overhead view of Rogers Centre with the roof closed, as seen from the CN Tower</p><p>The stadium was funded by a public/private partnership, with the government paying the largest percentage of the tab. The initial cost was greatly underestimated, with the final tab coming in at $570 million (all dollar figures used are in Canadian funds and have not been adjusted for inflation). All three levels of government (Metro Toronto, Provincial, Federal) initially contributed $30 million. This does not include the actual value of the land the stadium sits on (as it was part of a deal with the Crown agency – CN Rail). Canada's three main breweries (Labatt's, Molsons, and Carling O'Keefe) each paid $5 million to help fund the stadium. In addition 28 Canadian corporations (selected by invitation only – no tendering of contract) contributed $5 million, for which they received one of the 161 Skyboxes with four parking spaces (for ten years, with an opportunity for renewal) and a 99 year exclusive option on stadium advertising. Skyboxes initially leased for $150,000 up to $225,000 a year in 1989 – plus the cost of tickets for all events.</p><p>But the financing was not without controversy. First of all there was no public tender for supplies and equipment. Secondly, companies that paid the $5 million fee received 100% stadium exclusivity for the life of their contract that could be extended up to 99 years. Some of the companies that signed on included Coca-Cola, TSN and CIBC. This exclusivity even extended to advertising. This was most notable when Pepsi-Cola was banned from raising promotional banners during a Madonna concert performance. Many companies signed on without the contracts being bid on. Pepsi stated at the time that had they known the terms of the contract they would have paid far more than $5 million for the rights. Local media like NOW Magazine called the amount charged "scandalously low" (Now Dec 3-9, 1998).</p><p>In a CBC Television interview in the days before the stadium, a member of the general public goes on to ponder "It will be interesting to see five years from now whose stadium it will be, Toronto's dome or a business centre like TD Centre". The stadium was completed two months late, having been planned to open for the first regular season Toronto Blue Jays game. Because of its location south of major railway corridor, new pedestrian connections had to be built; the infrastructure was part of the reason for the high cost of the stadium. Skywalk is a (1/2 km – est.) enclosed walkway that leads from the base of the CN Tower and via a bridge connects to Union Station (and is part of the PATH network). The John St. bridge was built to provide North/South passage over the rail tracks linking Front Street with the stadium.</p><p>[edit]</p></blockquote><p></p>
[QUOTE="pickup, post: 768387"] What about the Skydome where the Toronto Bluejays play. Looks like public financing was involved: Taken from wikipedia: Stadium financing Overhead view of Rogers Centre with the roof closed, as seen from the CN Tower The stadium was funded by a public/private partnership, with the government paying the largest percentage of the tab. The initial cost was greatly underestimated, with the final tab coming in at $570 million (all dollar figures used are in Canadian funds and have not been adjusted for inflation). All three levels of government (Metro Toronto, Provincial, Federal) initially contributed $30 million. This does not include the actual value of the land the stadium sits on (as it was part of a deal with the Crown agency – CN Rail). Canada's three main breweries (Labatt's, Molsons, and Carling O'Keefe) each paid $5 million to help fund the stadium. In addition 28 Canadian corporations (selected by invitation only – no tendering of contract) contributed $5 million, for which they received one of the 161 Skyboxes with four parking spaces (for ten years, with an opportunity for renewal) and a 99 year exclusive option on stadium advertising. Skyboxes initially leased for $150,000 up to $225,000 a year in 1989 – plus the cost of tickets for all events. But the financing was not without controversy. First of all there was no public tender for supplies and equipment. Secondly, companies that paid the $5 million fee received 100% stadium exclusivity for the life of their contract that could be extended up to 99 years. Some of the companies that signed on included Coca-Cola, TSN and CIBC. This exclusivity even extended to advertising. This was most notable when Pepsi-Cola was banned from raising promotional banners during a Madonna concert performance. Many companies signed on without the contracts being bid on. Pepsi stated at the time that had they known the terms of the contract they would have paid far more than $5 million for the rights. Local media like NOW Magazine called the amount charged "scandalously low" (Now Dec 3-9, 1998). In a CBC Television interview in the days before the stadium, a member of the general public goes on to ponder "It will be interesting to see five years from now whose stadium it will be, Toronto's dome or a business centre like TD Centre". The stadium was completed two months late, having been planned to open for the first regular season Toronto Blue Jays game. Because of its location south of major railway corridor, new pedestrian connections had to be built; the infrastructure was part of the reason for the high cost of the stadium. Skywalk is a (1/2 km – est.) enclosed walkway that leads from the base of the CN Tower and via a bridge connects to Union Station (and is part of the PATH network). The John St. bridge was built to provide North/South passage over the rail tracks linking Front Street with the stadium. [edit] [/QUOTE]
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