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The Meridian Center All talk, news, comments, on building our new arena go in here.

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Old 01-13-2011, 02:56 PM
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Default $416M+ shortfall in region income

http://www.stcatharinesstandard.ca/A...aspx?e=2927752

Not that should have any real effect on the arena. No region money will be going towards it. But the region being broke reflects on St. Catharines - which makes up a 3rd of the regions population - being broke.

Then again, even ST. Kitts being broke might not have a huge effect on whether or not the arena gets built, since nobody seems to know what % will be private funding and what will be public.
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Old 01-13-2011, 03:23 PM
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Still doesn't look good for us...all the nay sayers reading that article will use it to support their position that St.Catharines cannot spend any more money on capital projects such as a new spectator facility. Regardless of how much money the St.Catharines council will be kicking in, a majority of residents will get scared by the numbers brandished about by Mayor McMullan.
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Old 01-13-2011, 11:03 PM
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do not forget about gov funds to improve or relace rec facilties
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Old 01-14-2011, 05:36 PM
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I'm staying out of the whole arena thing until someone spills the beans on what % is going to be public funded, from what sectors, and what % is going to be privately funded. I can't keep on posting saying how the city needs to get this one, and look like a fool after I find out they're not going to be the big player in it.

The fact is, the public hasn't been told enough of anything about this project to make many statements about it.
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