TORONTO’S SKYDOME is the mother of “public-private partnerships” (P3) championed by neo-liberals as the template for economic development. It siphoned off hundreds of millions of dollars in public money to benefit private sports teams, the coffers of the construction monopolies and the finance capitalists who own Ontario’s debt. Whether the SkyDome ultimately came in “on budget” or not was irrelevant to the monopolies that were guaranteed their profits. As author/journalist Neil deMause reveals in his indepth exposé, when the budget was exceeded, in 1991 the financial oligarchy quickly swooped in to lend yet more money guaranteed by the state. The SkyDome reflects a medieval character of spending for the pleasure of a tiny aristocratic elite leaving the people to be spectators of the narcosis of American professional sport and consumers of a giant circus in which they participate only in a marginalized way. – Tony Seed Continue reading
Tag Archives: Bob Rae
1969-75: Various proposals are floated to build a publicly financed domed stadium to attract a major-league baseball team to Toronto; all meet significant public opposition, and none are seriously pursued.
1975: City spends $18 million to renovate then-26-year-old Exhibition Stadium. April 1977: The Blue Jays begin play at the Ex. Continue reading