Im not certain what to make of this but it sounds like the Cats are going to be paying more for IWS and somebody (us?) will be paying a ticket surcharge so the team and the City can share the revenue?
I really don't know what to expect from a ticket surcharge but the city asking for more seems like a stretch, and just a little pushy. It doesn't make much sense to gouge the only tenant in a stadium with an uncertain future and no definate replacement.
From the Spec.
[i]The city is negotiating a new lease for Ivor Wynne Stadium with the
The old five-year agreement, which saw the team pay $25,000 a year to
use the sporting facility, expired in December.
It costs the city $1.2 million a year to run the stadium with the
football team as the prime tenant.
Joe Rinaldo, the city's former finance chief who is part of the
negotiations, said he's hopeful the city will be able to secure more
revenue in the new lease. But he's also mindful of the team's
"They're trying to balance their books as well," he said. "It's a
matter of how far you push."
The Ticats recently predicted its sixth money-losing season.
President Scott Mitchell said the team isn't willing to pay more for
its lease, but is interested in additional revenue sharing with the
city. For example, he said the team would look at a special ticket
surcharge to support the stadium.
Mitchell said the lease cost doesn't accurately reflect the team's
contribution. Over the years, the Ticats have invested more than $5
million in renovations to the stadium, from the video board to locker
room upgrades, he said. "It's gone much farther than the $25,000."
The old lease price covered 11 games per year, plus office space,
locker rooms and a neighbouring practice field. The team also benefits
from the concession revenues. The city picks up the security costs for
games. If the team made the playoffs, it would pay an additional
$15,000 per game.
Diane Lapointe-Kay, director of recreation, noted the city must also
consider the non-financial benefits of the team, including the fact
the televised games give Hamilton national exposure. Besides the
Ticats, the city pulled in about $45,000 in other revenue from the