Thursday, October 10, 2013

CBC News Feature On Arena Contracts

The financial dealings and details between the Saint John Sea Dogs and Harbour Station has been kept quite quiet over the years. But this morning on CBC Radio’s Information Morning, Jacques Poitras had an in depth feature on the Sea Dogs arena contract in Saint John in comparison to the Titan’s contract in Bathurst.

From CBC New Brunswick:

A CBC News examination of two arena contracts with two different Quebec Major Junior Hockey League teams in New Brunswick shows that Saint John’s Harbour Station is making money from its agreement with the Saint John Seadogs. 
Under the terms of the deal, the team has been handing over $500,000 to $700,000 per year to the Harbour Station Commission – meaning the facility’s overall deficit is far below the $1.2 million annual loss projected when it was built.

The whole article can be found here. Interesting read if you are into this kind of stuff, especially some of the Titan contract details.

The Irving owned Wildcats apparently persuaded the City of Moncton to not release details of their contract.

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