I support a modest stadium. I think Moncton did it right, leveraging the existing site at UdeM and spending $17 million.
Here are my thoughts:
1 - when getting into a new line of business, you test the waters. We don't have any firm tenants at this time, other than the Huskies.
2 - we are not going to be able to afford an all weather stadium. Regina projects the new Mosaic stadium will be $390-$460 million.
3 - most stadium (stadia?) would hold 20-35K for a concert, maybe 40K, which is still too small for Rolling Stones level, and would not really address the issue of cost and weather that are the real challenges here. I wrote about that here
http://halifaxpolitics.ca/2010/10/11/869/
4 - now for the positives - $17-25 million is not that much for a major Parks and Rec facility. We spent around $50 on the Canada Games Centre. If you look at other cities like Ottawa, Montreal, Regina, they all have football stadiums being used by university and/or parks and rec users, and the field without bleachers is available for just $150-160 an hour!
5 - While the private sector sponsorship would not really touch the cost ($1 million for naming rights in this region would be about it) the Ottawa model of renting the field to a private partner all winter and having them dome it is a great idea. Landsdowne has an air pressure bubble over theirs and you can go in an I think they have a driving range, among other things.
I think if this is approached in a non-scary non-ra ra way, everyday people will support it. Fixing Husky stadium, or plugging a decent modest facility into an area with minimal other facilities (Sackville? Cole Harbour?) would help sell it.
The key is not just upfront cost, it is also operating cost, which is why, and I know the suburbanites disagree, I think it should be at St Mary's. HRM has demonstrated again this week that it cannot budget to save its life, current council does not factor Total Cost of Ownership and life cycle costs into yearly budget debates, and now we are facing what has to be called a structural deficit.
Why this matters to the stadium is that the bigger and fancier and more specialized it is, the more it will cost to operate and maintain, and also, the less likely the revenue you are reasonably going to get out of it will cover the cost of operating.
I think a stadium that seats 15-20K, and can easily be expanded for CFL games is the way to go. If we land a team (Ottawa and Quebec City will get the expansion in my opinion, not us, but if we do), it is still only 9-11 home games per season, so expanding for those games for years is still reasonable.
The Alouettes example is important, they were ONLY really successful when they moved to Molson Stadium, which at the time sat 17,000. Why would we aim for bigger than that to start in a market 1/10 the size?
If the franchise comes, if it is supported, if it is viable, we can talk about bigger. Lets just get it started with something affordable.