Council has to pick one of the 3 options on November 7th, 2007.............
Staff has presented three options for consideration by Council:
1. Maintain the facility to meet current health and safety guidelines only;
2. Undertake the repairs necessary over the next five to ten years in a planned approach, which does not impact the stadium’s tenants, the Hamilton Tiger Cats.; or,
3. Consider construction of a new stadium in a new location while continuing to make necessary repairs to the Stadium.
OPTION I
Maintain the Facility to meet current health and safety related repairs to the concrete and/or steel structures. There are no staffing implications with this option. The financial implications are greatly reduced in the short-term, limited mainly to replacing stairways, which have been identified as needing replacement. The cost to replace each stairway ranges from $45,000 to $60,000.
Total cost to replace all stairways, when completed, will be in the neighbourhood of $850,000 spread over three years. Financing for this phase of repair could be completed as part of block-funding. In addition, staff would continue to monitor the safety of the stadium.
OPTION II
Continue with the three-year plan to replace the steel stairways and develop a phased replacement plan for the concrete slabs over the next five to ten years. There are no staffing implications with this option. The financial implications are funding the capital project for the slab. Estimated at a cost of approximately $14,000,000 (2004 funds) for concrete and seat replacement, the funding required on an annual basis is greater than the available annual block-funding amount. If this option is selected, staff would recommend an alternative funding source be identified to pay for this repair.
By selecting Option II, the life of Ivor Wynne Stadium would be prolonged. The cost to repair the stadium at this time would be less than the cost to construct a new stadium. The investment in the artificial turf, completed in 2003, along with the replacement of the concrete slabs and the installation of new stairways and seating would provide a much improved venue for the Hamilton Tiger Cats Football Organization to continue to call home.
It would improve the comfort for patrons while they were enjoying sporting events at the stadium. There are limitations with this site that should be considered that have restricted the use of the stadium over the years. The lack of parking has put a strain on the neighbourhood during special events at the stadium. The close proximity to homes has created noise and lighting infringements on the neighbours, which in turn, has limited the types of events that can be offered at the site, thereby minimizing the revenue potential.
OPTION III
Consider construction of a new stadium in a new location while continuing to make necessary repairs to the Stadium. Although the current stadium is in need of repairs, which should be completed within the next five to ten years, Council could consider continuing to monitor the status of the concrete and steel structures and work towards the construction of a new stadium in a new
location. The potential for establishing a private/public partnership could reduce costs not only on construction, but potentially on operating costs as well.
The cost of a new stadium would exceed $100 million, but the potential to develop a new facility in partnership with the Hamilton Tiger Cats and other local sports groups could be investigated. The current location of Ivor Wynne Stadium has presented limitations for what the stadium can be used for and as a result, the stadium has not been able to maximize its revenue potential. Finding a new location away from residential areas with sufficient parking and adequate transportation access could potentially provide an appeal to attract new partners and users of a new stadium.
The downside of this proposal is the capital dollars and ability to finance such a venture. Without funding assistance from other government levels and partners, the costs may be out of reach.
PDF File:
http://www.myhamilton.ca/NR/rdonlyre...oadtesting.pdf