January 11, 2005
The Big Owe that keeps on owing
What's worse than an empty $1 billion stadium that still hasn't had all its construction debt paid off? An empty $1 billion stadium that would cost another half-billion dollars to tear down. According to two government-commissioned reports, that's the estimated price tag (in Canadian dollars, okay, but the loonie is almost worth real money these days) for tearing down Montreal's Olympic Stadium, which lost its main tenant when the Expos relocated to Washington after last season. News reports blame the stadium's "unique design," which would apparently require it to be taken apart with a power sander and a pair of tweezers to avoid wreaking environmental catastrophe on the whole of Quebec.
Adding demolition to the original cost of constructing and updating the Big Owe - which has already had its roof replaced twice - would bring the total taxpayer cost to $3.1 billion (Canadian). That's a lot of smoked meat.
Real Money. Hahaha, Neil. Just wait a few years... :D
Anyway, just shows the stupidity of the whole project.
Posted by Tyler Nicholson on January 13, 2005 02:45 PM
The loonie worth real money...? More like real money slowly becoming as worthless as a loonie! Yeah, let's re-elect a former baseball executive to the highest office in the land, and continue to invest billions more in economically unproductive activities, that'll fix it.
Posted by MJ on January 18, 2005 02:28 PM