SkyDome Fiasco, A Sign of Things to Come?
Toronto's now infamous SkyDome, a $600 Million financial disaster, recently filed for creditor protection under Canada's Bankruptcy laws. The same people that pushed for its construction in the 1980s, and then served on its board of directors until very recently, are now the main players on Toronto's team to bid for the 2008 Summer Olympic games. The parallels between the SkyDome stadium's fate and the greed and corruption that plagued the financially troubled Montreal Olympics are stunning.
The newspaper articles listed here will give you a detailed look at the problems that face the SkyDome and the probable financial folly that hosting a Summer Olympics will cause in Toronto. For more information on Mega-projects and their affects on cities check out Dr. Kris Olds' essay Urban Mega-Events, Evictions and Housing Rights: The Canadian Case, or read Noll and Zimbalist's Are New Stadiums Worth the Cost?
For pictures and other building related information, check out the SkyDome's offical website.
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