It Is Getting Harder To Find Public Money For Sports Venues

No money for you?



It is getting more difficult for owners, sports leagues and sports organizations to get public money to build stadiums or arenas or Olympics venues. The International Olympic Committee keeps getting the door slammed in its face when begging for billions to fund the IOC’s every other year sports spectacles. There is good reason for that, taxpayers are paying off billions of dollars or pounds or euros or other currencies in Olympics debt. In Canada, Canadian governments are not rushing out with wheel barrows of money ready to pour loonies into sports facilities. Calgary Flames ownership wants a new arena and an arena proposal was tabled in 2017. Flames ownership is trying to figure out a new road to getting a new building. Calgary also wants the 2026 Winter Olympics but there is a question of money and how to fund the endeavor.

The Canadian Football League has been eyeing Halifax and Atlantic Canada for a long time and there is a push to put a CFL team into the city which is growing and seems to have enough money to support a junior hockey franchise and a CFL squad. But the Premiere of Nova Scotia Stephen McNeil is not ready to open the province’s pocketbook to help build a stadium for a football team.   “Let me be clear, general revenue is not part of our conversation. I am not going to be reaching into general revenue to build a football stadium. If you have a new idea, a different idea, of how I can help, then feel free to come and ask. But don’t come in and expect I’m going to write you a cheque.” The CFL wants Halifax and then seems to be ready to bypass the United States and then to kick the tires in Mexico for expansion. Halifax first though. For decades public money for sports was freely available, that is now changing.



The CFL wants to go to Halifax, Nova Scotia may say no to publicly financing a stadium.