I have no problem with building a community stadium in Halifax. It sounds like a reasonable project. Just make sure you market it as such.
If it is proposed as a stadium for community soccer/football teams in the downtown core, doing double duty as a university facility for Dalhousie/Saint Mary's, I see no reason why federal and provincial money shouldn't be made available for this project.
Just be prepared for it to be a facility similar to the Moncton Stadium - relatively bare bones and with a seating capacity in the vicinity of 10-12,000. It should be built on the peninsula to allow easy access to the university communities. For this reason, I'm quite happy that Shannon Park is off the table. I never really liked that option in the first place.
I'm sure that a creative architect could come up with a design for a 10,000 seat stadium which would allow for the eventual inclusion of concessions and an expansion to 25,000 seats. Just don't mention the CFL when you approach the feds or the province for funding.
A community stadium like this however would be a valuable bargaining chip in future negotiations with the CFL and a potential ownership group for a CFL team.
BTW - who do you guys envisage as potential franchise owners down there? Are there actually any interested parties???