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Old Posted Feb 15, 2010, 10:25 PM
Bob Bratina Bob Bratina is offline
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Join Date: Apr 2008
Posts: 23
Pan Am Site update

The following is an excerpt of a letter forwarded to Councillors from an informed individual who understands that the West Harbour proposal could well be beyond our financial capabilities. What this really shows is how preliminary site evaluation was not sufficient.

"To Hamilton Chamber Board Members:

There is another site and that is (within a mile of King and James). It is one owner, 25 acres, relatively clean compared to the 25 properties at the west harbour that will probably have to be expropriated. It can be purchased for $(xxxxxxxxx) and levelled for about $1,000,000. The site is level and on the market.

The all in cost of this property, ready to build a stadium, clean and level will guesstimated be in the range of $10,000,000. with no expropriation. The guesstimated all in cost of the west harbour will be in the area of $25,000,000.

The taxpayer will have to pick up an extra $15,000,000 and the expropriation could add more plus who knows how long it will take.

I will bring more detail tomorrow"
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