Quote:
Originally Posted by aberrant
One of the models being considered is based on the private downtown arena in London, Ontario. I believe the city of London donated the land as their contribution to the project, and actually gets an annual dividend.
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They called it a public private partnership, but like almost every arena in Canada it was mostly public money. $9.5 million of $52 million was private. This was in 2002. The dividends are probably from the recently sold naming rights.
Wikipedia:
Budweiser Gardens was built at a cost of approximately $42 million by the
London, Ontario-based construction company EllisDon Corp., builders of
Toronto's
Rogers Centre. The City of London contributed $32 million for arena construction and $10 million to purchase the land, while the London Civic Centre Corporation added $9.5 million to the arena's construction.
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