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HALIFAX – The company, wanting to bring a CFL team to Halifax, has proposed Shannon Park, located on the east side of the city's harbor, as a site for a 24,000-seat stadium.
The proposal of Maritime Football Ltd. estimates that construction costs will be in the range of $ 170 to $ 190 million as municipal and provincial governments mobilize.
The proposal is on the agenda for the October 30th Regional Council meeting where the board should ask the Chief of Administration to develop a business case.
The report also recommends amendments to the Halifax Charter to allow for the conclusion of a tax agreement on the stadium, to discuss debt financing opportunities with the province and to prepare a financial report for the province. the board.
The report indicates that the province's participation as a financial partner is "essential" to the project and suggests increasing the taxes on hotel marketing taxes or developing a tax on car rental as sources possible income.
The company is planning a season ticket starting in November, but it will still be several years before the stadium is ready for use.
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