The Pan-Am stadium in Hamilton is costing something like $150M, with no land cost, and it looks pretty bare-bones to me. Based on that, I think with land costs, a new Toronto stadium would cost well above $150M.
BMO as it stands now is not the quality of stadium we'd want long-term, although with the rumoured upgrades (projected to cost $100M) it could be a very nice long-term home for us.
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