Montreal's 'Big Owe' almost paid off
<<   May/2006   >>
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31  

Arts
Movies
Humor
Television
Music

Business
Internet
Finance
Jobs
Investing
Economy

Computers
Software
Hardware
World
Mobile

Games
Video Games
RPGs

Health
Fitness
Medicine
Alternative

Home
Consumers
Cooking

Recreation
Travel
Food
Outdoors

Reference
Psychology
Science
Education

Regional
US
Canada
Europe

Science
NSF
Space
Technology

Society
People
Religion

Sports
Baseball
Soccer
Basketball
 
23/May/2006 10:24AM

After 30 years, Quebecers are months away from paying off the mortgage on Montreal's Olympic Stadium — a landmark neither the city nor the province say they want to own.

Built for the 1976 Summer Olympics, the 58,500-seat stadium cost an estimated $1.5 billion.

Provincial officials believe it will be fully paid off this year.

"We think we'll be finished with the last payment most probably during the end of the summer," said Sylvie Bastien, with the Olympic Installations Board, which oversees the stadium.

But paying off the debt has triggered heated negotiations between the province and the city of Montreal.

The city is supposed to take ownership of the stadium when it's paid off.

Municipal officials say they don't want it.

"We don't want to be the owner of the stadium," said Francine Senecal, the city's executive committee member responsible for sports and leisure.

Senecal, who says the stadium runs a deficit of millions of dollars each year, says it belongs to all Quebecers.

Provincial officials are tight-lipped about their plans.

Tourism Minister Francoise Gauthier says the issue won't be resolved in the short-term.

The longtime home of the Montreal Expos until the team was sold to Washington, D.C., the stadium was nicknamed the Big O, or, because of its cost, the Big Owe.

It opened for baseball in 1977 without a roof, which was added about 10 years later. In 1991, a 55-tonne chunk of the roof fell after support beams snapped. No one was injured.

A second section of the roof collapsed in the winter of 1999 as workers were setting up for the auto show.

Officials were considering installing another new roof in 2006.




Recent news in category
Police arrest terror suspects in Toronto area
National security forces arrest at least 8 in Toronto raids
Canadian who helped fellow mountaineer on Everest never hesitated

Global recent news
Reflections on Everest 2006
FRA - Shy and retiring Melain proud of trophy-laden career
Pluto's demotion not a cause for classroom panic

23/May/2006 9:37AM
A Saskatchewan town has decided to appeal a court decision that ordered it to redesign a town-owned course to stop golfers from hitting balls into people's yards.


23/May/2006 5:05AM
The southern Ontario town of Caledonia awakened in darkness and uncertainty on Tuesday, the day after a standoff between aboriginal protesters and non-native residents exploded in violence.

Clashes between aboriginal protesters and non-native residents of Caledonia dashed hopes that a longstanding land-claim dispute was near a resolution. (CBC)

23/May/2006 4:15AM
Hundreds of people in southeastern British Columbia might have to leave their homes in the next few days to escape rising waters and firefighters are on standby with a quarter-million sandbags to hold the floods back.

Passmore and Slocan B.C. in the West Kootenay area

22/May/2006 11:36PM
Heather Crowe, the long-time waitress who contracted lung cancer from second-hand smoke and waged an anti-smoking campaign, has died at the age of 61.


22/May/2006 9:27PM
Some Toronto doctors are asking the federal government to ease up on deportations after recent high-profile removals have spooked many illegal migrants into cancelling appointments at clinics serving the uninsured.


Copyright © 2006 Rootio Ltd. All rights reserved.