In a hockey-mad city where battles over ice time make national headlines, a new four-pad arena with blue-chip tenants that include the Toronto Maple Leafs, the Marlies and the Hockey Hall of Fame has managed to run out of money, leaving Toronto taxpayers on the hook.
$3.7-million in annual revenues isn’t enough to keep the lights on... The rink, built and operated by the local Lions Club, is on the brink of insolvency, and the City of Toronto, which backstopped more than $35.5-million in loans for the west-end complex, is planning a bailout.
http://www.theglobeandmail.com/news...eshore-arena-runs-out-of-cash/article2058581/
Would be nice for the Leafs to cover the costs, but I guess that would be too difficult for one of the most wealthy hockey franchises on the planet.
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