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Milton Velodrome Expands in Scope – Cost Balloons to $62.8 million

by John Symon
May 16, 2013 (Milton, ON) – The velodrome planned in Milton as part of the Toronto 2015 Parapan American Games (TO2015) has expanded in concept and the cost is now pegged at $62.8 reports the Hamilton Spectator. But Milton’s share is only $24.4 million and the local council is still behind the project.

Originally costed at $40 million, the 154,000-square-foot facility on four levels now includes change rooms, infield basketball, badminton and volleyball courts, a bike shop, office spaces, fitness facilities, jogging track and café. These changes to the plan increased construction costs to an estimated $56 million. Luckily, Sport Canada is completely funding the $16 million difference.

Changes to the location of the site and accompanying road work added some $6.8 million to the tab, but the town expects to recover some of this from development on adjacent lands. Local fundraising efforts include $9 million in pledges from Mattamy Homes.

Councillor Rick Malboeuf has consistently raised doubts about the project and his biggest concern now is regarding operating costs, which he believes may rack up a $1 million annual deficit. This cost will presumably be offset by $700,000 from the Pan Am legacy fund, but that deal has yet to be signed.

Read the The Hamiton Spectator story HERE.

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