Tiger-Cats will invest in new stadium

The Tiger-Cats and some minor partners are ready to invest in the Pan Am stadium and work with the city to develop revenue streams to make it viable.

Football club owner Bob Young promised to step up with some money in a letter on www.ticats.ca. And sources close to Pan Am talks said he will bring some smaller investors to the table, too.

“We can, and we will be, investing in the new stadium,” Young wrote, adding the Ticats want to help create enough economic activity to justify the city’s investment.

He did not detail how much the football club would contribute or if that contribution is tied to naming rights or other revenue sources. To this point, the club had offered only to buy and develop land adjacent to the stadium.

A spokesperson for city manager Chris Murray, who has led stadium negotiations, said the football club’s financial participation and management obligations in running the stadium will be outlined to city council next Tuesday.