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Plans to redevelop the Rogers Centre in Toronto gain traction

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  • Aug 15th, 2019 7:35 pm
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Plans to redevelop the Rogers Centre in Toronto gain traction

https://www.blogto.com/real-estate-toro ... s-toronto/
Rogers bought it for 25 million, the initial cost was 570 million to build (or 1.02 billion in 2018 dollars). Majority of the initial build out was paid for from the provincial government. According to Wikipedia
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39 replies
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Oct 6, 2015
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Good grief, who actually calls it "the worst baseball stadium"? The article is ridiculous, claiming that it should be torn down and some replacement built elsewhere.

Like any 25+-year-old building, there's probably a few specific things that need to be renovated or tweaked, but it would be ridiculous to burden the taxpayers who desperately need to be funding more important infrastructure at this point.
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May 22, 2016
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Never gonna happen. Rogers is cheap. They only thing they have added is a statue of Ted Rogers and new turf.
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Nov 17, 2014
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burnt69 wrote: Good grief, who actually calls it "the worst baseball stadium"? The article is ridiculous, claiming that it should be torn down and some replacement built elsewhere.

Like any 25+-year-old building, there's probably a few specific things that need to be renovated or tweaked, but it would be ridiculous to burden the taxpayers who desperately need to be funding more important infrastructure at this point.
Tropicana Field is without a doubt the worst stadium in the league, after that Rogers Centre is arguably next on the list, many would say the Oakland Coliseum is next but at least it has a natural grass field. Rogers Centre is better than the Coliseum when the roof is open but probably worse when the roof is closed. After those 3 there aren't many duds left in the league.
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Nov 13, 2010
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Ah yeah another construction project for greedy construction companies.
Guess there must be nothing else going on so
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We taxpayers paid $1 billion to build it and sold it for $25 million (5%) of the cost to Rogers? I don't believe that for a minute.
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Blue Jays buying SkyDome for $25M
The Toronto Blue Jays baseball club is buying SkyDome, its home park, for $25 million.

The price the Rogers Communications-owned ball club is paying is a fraction of the $600 million it cost to build the domed stadium, which opened in 1989. Much of the building cost was financed through taxpayer money.
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Sep 23, 2009
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MusicBox wrote: We taxpayers paid $1 billion to build it and sold it for $25 million (5%) of the cost to Rogers? I don't believe that for a minute.
But how much added tax revenue did it bring over it's lifetime?
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Aug 29, 2011
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It was built at the height of the late 1980’s real estate frenzy and the Peterson government clearly overpaid for it. Rogers bought it at a fire sale price. Hell, the land it’s sitting on is worth more than $25M.
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Feb 9, 2009
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burnt69 wrote: Good grief, who actually calls it "the worst baseball stadium"? The article is ridiculous, claiming that it should be torn down and some replacement built elsewhere.

Like any 25+-year-old building, there's probably a few specific things that need to be renovated or tweaked, but it would be ridiculous to burden the taxpayers who desperately need to be funding more important infrastructure at this point.
Its an awful stadium. It needs a major overhaul. Sight lines are awful. seats are awful. Turf is crap it’s 2019 man you can get grass in there.

All excuses by the tightwad Rogers group.
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They need to install a/c for the hot days. A monster in the outfield would also make the game more exciting to watch.
Lets Go Blue Jays!!!
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Demolish And rebuild
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MusicBox wrote: We taxpayers paid $1 billion to build it and sold it for $25 million (5%) of the cost to Rogers? I don't believe that for a minute.
It was already built, and apparently didn't really make a lot, if any money. So what did the taxpayers have to lose? Selling it to Rogers at least would have given a private operator some incentive to re-invest in it, and potentially turn it into a profitable entity. However, sports stadiums are usually terrible deals for taxpayers -- that one form of entertainment should receive massive taxpayer subsidy over another is ridiculous. $1B would have built a lot of bike trails. Ski hills. Or various other things that potentially entertain far more Ontarians than a baseball stadium for which the tickets to attend games and the ancillary costs are increasingly unaffordable for a lot of people.
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mrweather wrote: It was built at the height of the late 1980’s real estate frenzy and the Peterson government clearly overpaid for it. Rogers bought it at a fire sale price. Hell, the land it’s sitting on is worth more than $25M.
The land isn't owned by Rogers. It was owned by the Canadian National Railway at the time of Skydome's construction and was leased for 99 years by the railway. CNR may have sold it to the City of Toronto. The site itself was the former CN Spadina rail yard, and most of the activities in the rail yard, which involved passenger trains, had to be relocated to what is now the VIA Rail Toronto Maintenance Center. I remember going to the area prior to the stadium being built, as a kid, and it was basically a giant dump. Even in the 1990s and 2000s, the area to the west was still quite a dump and very undeveloped. I remember a golf driving range and a few old empty buildings.

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