Quote:
Originally Posted by Dr Awesomesauce
Oh Ted. It may, in fact, be our stadium but the profits are going elsewhere, right? So then, actually, it's not really ours at all.
I don't know what sort of deal the City signed with the Ti-Cats but how it typically works is the sports franchise takes all the gravy, while the City collects the taxes and perhaps a rental fee. That rental fee is usually minimal, though. The money never makes its way back to city coffers.
Nice looking stadium > Bad investment of tax payer monies...again!
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I can buy the argument that government subsidies for sporting venues and/or favourable rental terms for professional sports teams do not have direct payback, but I also do believe that a team like the Hamilton Tiger-Cats offers up a great deal of intangible benefits.
In my opinion, the Ti-Cats are one of the strongest sources of civic pride in Hamilton and are one of the things that gives the city some name recognition in this country. Without the team and a few other rare such institutions, I think that this city would really struggle to differentiate itself from any other town ---- it may as well be nothing more than a blue-collar suburb of Toronto without them. As far as I know, the city is also free to rent out the stadium to other groups and/or hold high school or other sporting events in the stadium.
In short, I think the investment is worth it and am happy there is a new stadium ---- I actually think the building is too bare-bones and would not have minded putting in more bucks to put together something more impressive. That said, if you are not a sports fan or do not care about the outside perception of Hamilton, then it may well not be worth it in your eyes and that is fine.