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Originally Posted by Bdog
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You can hear the tide shifting from the lawmakers that a dome isn't politically doable since nobody wants to pay for it. Lets just hope they don't make the foolish mistake to plop a cheapo outdoor stadium on that prime land. Would be the biggest blunder since Cleveland's mistake on the lake.
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Originally Posted by Globalnews
On Monday night city council voted unanimously to approve a Public-Private Partnership model, which would see the private sector pay for half the price tag.
"We haven't decided whether we'll have a roof or not, and some of the reasons for that is just looking at the financial feasibility,” Deputy City Manager Brent Sjoberg said.
“Roughly speaking, without a roof, it's estimated at $200- to $250M, “Sjoberg explained. “With a roof it's closer to $450M.”
The city says breaking new ground for the stadium is likely a year and a half away, but the next stage will determine the design of the stadium, who will pilot the project, how much it will cost and who will contribute money.
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I love how out council approves a bill to be paid without knowing the total of it. I thought I left this nonsense in Toronto coming back home for the holidays lol.
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Originally Posted by tele75
http://www.tsn.ca/cfl/story/?id=383164
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Mayor Pat Fiacco (fee-AH'-koh) says the partnership would prevent the city from taking on all the risk of cost overruns and other unexpected problems.
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No way in hell. Fiacoo is full of it and leaving out key details. I said the only way the P-sector would jump on is if Fiacoo gave them a 2$ Billion dollar plum in development revenues at our expense. As far as them taking on the risks of cost overruns... won't happen. The risk is the main reason the P-sector treats this thing like a dead skunk. I would like to see a more in depth article or hope that Fiacco would be more forthcoming on the details of this plan. He may have sold Regina's future in a backroom without consulting the public at all.. would it surprise me? ... not one bit.