History, Construction and Controversy
The John Labatt Centre was built at a cost of approximately $42 million by the London, Ontario-based construction company, EllisDon Corp., builders of Toronto's Rogers Centre. The land was purchased for $10 million.
The construction of this sports-entertainment centre was decided upon as a part of the city government's overall effort to revitalize the city's downtown. As part of that effort, London city council committed to building the centre, and agreed to fund much of the cost, which has amounted to about $4.5 million a year in debt financing so far. Another controversial part of the management deal is that while revenue at the centre has been much higher than forecast, the city's share has been minimal, about $100,000 a year, with much of the balance going to the London Civic Centre Corporation, the public-private partnership that owns the arena. Many businesses close to the centre also report that they have benefited as a result of the increased number of people coming downtown.
Read more about this topic: Budweiser Gardens
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