September 30, 2004
U of T: Stadium too rich for our blood
Man, those Canadians just don't know how to throw money at their sports teams. After committing to help pay for an $80 million stadium to be shared with the Toronto Argonauts football team, the University of Toronto has abruptly pulled out of the project. Why? Because rising costs meant they'd have to foot the bill for an additional $20 million in construction. "Our commitment to the university was this would be an $80 million project and not a penny more," school VP Jon Dellandrea told the Canadian Press. "The project was creeping over $100 million with no particular end in sight." Those crazy Canucks just don't understand that cost overruns are the American way.
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