johnny24 might be referring to federal money. If there is no federal money going towards a CFL Stadium in Halifax, (and there was no federal money going to stadiums in Regina, Winnipeg (well, they did contribute a small amount to the training facility/fieldhouse for amateur football and the university but not the actual stadium infrastructure itself) and Ottawa, then there shouldn't be any federal money being allocated to a MLB Stadium in Toronto. While we are at it, Calgary and Edmonton didn't receive any federal funds for their new/soon-to-be constructed arenas.
It's generally accepted the larger the city/market, the larger the percentage of private funds allocated towards a new sports facility as larger tv deals, higher ticket prices and greater corporate support can support such an arrangement. Large markets generally pay for 100% or nearly 100% for new facilities. I always see Torontonians online boasting about how Toronto is the 4th largest metro in North America...an exaggeration if there every was one.
However, if that's even close to the case, then it's time for the owners of the Jays to put on their big boy pants and pay for the $700 million to $1 billion price tag for a new stadium.
There is no added economic benefit to the city if a new stadium is built either as claimed by one or two posters here.
After this proposed stadium is built those construction jobs disappear. There won't be any additional jobs in the new stadium compared to the old one...a similar number of concessionaires, janitorial staff, ticket sellers, chefs etc. Tourism to Toronto will remain remarkably similar as many people who travel to Toronto are there to partake in a variety of activities, baseball just happens to be one of those things. And the demand for new office buildings and condos in metro Toronto will be determined by other external economic forces, not a new stadium.
I would estimate 65%-75% of gate revenues in the modern baseball facilities is procured from 7,000-10,000 seats:
1. suites
2. club seats and tied into this...
3. all the seats in the lower bowl that extend from the first base around home plate and to third base on the other side (most of these are now premium club seats.
4. loges and restaurant seats located in various parts of the stadium including the formerly cheap bleacher seats.
What Rogers and their mouthpiece Shapiro want to do is extract more money from upper-middle, upper income and corporate interests with these new additional seating options. Look at Atlanta's new stadium (Truist Park) as a reasonable comparison for what Rogers/Shapiro would like to charge.
- several club options behind home plate with various levels of exclusivity - Truist Club, Chairman Seats, Executive Seats, Infiniti Tables, Infiniti Club Seats...all with their very own club lounges/restaurants
-exclusive seats near the dugouts including dugout infield and dugout reserved
-in the outfield, former cheap bleacher seats supplanted by the CHOP HOUSE with Chop House deck, Chop House Terrace and Below the Chop seating options
Prior to this year, I looked at the prices of these various premium seating options at Truist Park and they were considerably higher than comparable seats at Rogers Centre and that was not even factoring the CDN/US exchange rate!
This is what Rogers and Shapiro want. More high end seating options for which they can charge a significantly higher price and for which corporations and well-heeled clientele will gladly shell out regardless of the team's play. When the team's fortunes inevitably decline on the field, the impact of empty seats in the lower-priced general seating sections will not be as impactful to the team's bottom line.
Sure, there will be some benefits be it greater leg room, wider seats and better seating configuration (those seats by the foul poles from which you have to crane your necks to the right or left will be a thing of the past), but there will be a steep price to pay. The "cheap seats" in the upper deck will be sut in half. Fans will have to pay significantly more on average for this new stadium experience and they will not be reassured by Shapiro's past proclamations of offering a variety of enhanced experiences at the new pleasure palace. It all comes with a price.
As others have already stated, this is likely a fishing expedition by Rogers to see how much of an appetite there is from the public for a new stadium. Given how little they have invested in the old stadium over 20 years of ownership, I find it highly unlikely they would be willing to invest significant money into a new stadium unless the province/city pay 50% or more.
Step 1: Leak plans of new stadium to get public excited
Step 2: Release statement stating development cannot proceed without significant assistance from the government while touting the economic benefits of your plan
Step 3: Measure public reaction to these proclamations, and subsequent pressure on government officials to extract as many concessions as possible.