And it’s official: The Hamilton Tiger-Cats will be getting a rebuilt Ivor Wynne Stadium, after the Hamilton city council voted to approve the deal last night, with just hours to spare before a February 1 deadline to get a stadium plan in place or risk losing the 2015 Pan Am Games. A Pan Am announcement is now expected for today.
And what of that $38.6 million funding gap? The
council province dealt with that on Sunday, agreeing to kick in an additional $22.5 million to get the deal finalized. (Yeah, I know those numbers aren’t the same — apparently the cost estimate was also reduced by $2.5 million, but that still doesn’t explain it. Chalk it up to Canadian math.)
The upshot of this denouement? After rejecting earlier stadium plans because they would require additional city funds, Hamilton okayed a deal that would require additional city funds — just not quite as much. The TiCats, meanwhile, will be getting a virtually new stadium virtually free. It’s not the worst deal for the public in stadium-subsidy history, but it’s not exactly a victory, either — except inasmuch that both the Hamiton city council and I can stop thinking about it quite so much now.