Double Blind

Apparently the BC government is going to be spending $458 million on upgrading BC Place, including putting in a retractable roof. Partially paying for this will be land sales (the parking areas to the south and southeast of the stadium) and there will be 40-year financing guaranteed by the province.

My only comment is that I hope in the analysis they compared spending $458 million against the cost of demolishing BC Place and building a new stadium from scratch. It is a 26-year old facility which originally cost $126 million to build back in 1983; even though construction and material costs have increased since then, if you budget $750 million for a new stadium, it might have been a more attractive opportunity instead of spending $458 million on old infrastructure.

This entry was posted on Friday, October 23rd, 2009 and is filed under Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.