Quote:
Originally Posted by mistercorporate
I wonder whether theyd consider gifting the big O, including the land, to Saputo in exchange for him shelling out the dough to renovate it. He seems to be the main user of the stadium as it is and a custom reno could help him squeeze the maximum profit out of it to build a more sustainable operating model. It seems the previous financial hangover has made it a political hot potato for further govt involvement, the dithering is bordering on the irrational. Alternatively, they could just cut their losses and tear it down for a future BMO Field type low maintenance stadium.
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Because a 50k plus stadium is no good to Saputo (couldn't fill it on a regular basis aside from one offs) and it would likely be at least 400 million to renovate it properly. Saputos are worth a lotta dough (or should I say cheese) but they ain't gonna spend that much. I can't recall what their initial outlay into the stadium was (I should look it up) but it wasn't that much (actually 7.5 million).
Tearing down the Big O (piece by piece) is gonna cost over 700 million. Personally, I think (and I'm not paying for it) they should downsize, spend the money (like BC Place) and do it up right the first time and get it over with. And hire a stadium outfit from outside Quebec like Populous to oversee the reno.