Toronto F.C. won the first round in its quest for public money to expand BMO Field from 21,000 to 30,000 seats, as the Toronto city council’s executive committee voted overwhelmingly on Thursday to kick in $10 million toward the $120 million project. The city money would supposedly be repaid by added parking revenues from the expanded stadium, though if SBNation’s Toronto F.C. blog is correct, this is just a projection, not a guarantee.
In any event, Maple Leaf Sports and Entertainment, which owns the soccer team and is perpetually rumored to be interested in luring the Argonauts CFL franchise as well, still needs to get $10 million apiece from the province of Ontario and the Canadian federal government, neither of which is nearly as sure a thing as the Toronto money.
You can read more of the Toronto agreement here, though it doesn’t actually spell out all that much, and is of course completely mum on the provincial and federal funds, or on how (or whether) they’d be repaid at all. There’s still a long way to go for this project — and, since this is Canada, it’s an extra ten yards farther.