Rogers Moves Into Subsidized Housing
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Rogers Moves Into Subsidized Housing

2004_11_30skydomeIt cost six hundred million in taxpayer dollars to construct, but now just a decade and a half later the Skydome has been sold for the rock-bottom price of $25 million. This marks the third time the dumb-looking sports facility has exchanged hands, with the owner of the inhabiting Blue Jays, Rogers Media, taking over. The real estate alone has to be worth that money. Really, Ted Rogers should move the Jays back to Exhibition Stadium and sell the building that resembles a giant testicle to Donald Trump.
2004_11_30bertuzziWith a deprecation in value that could rival the Domestic Automobile Market, the Skydome’s devaluation from its initial value of $600 million to the $25 million it is apparently worth today has been fueled by internal mismanagement, an ever growing negative public opinion and this frequent change of ownership (bailouts). Another 15 years and Todd Bertuzzi will be able to purchase the “state of the art” entertainment complex for about the same as his cost of bail.