Editing Rogers Centre (section)

=== Financing ===
The stadium was funded by a [[public–private partnership]], with the government paying the largest percentage of the cost. The initial cost of $150&nbsp;million was greatly underestimated,<ref name=deMause>{{cite web|url=http://demause.net/skydome.html|title=DOME TO NOWHERE|author=[[Neil deMause]]}}</ref> as the final cost was [[Canadian dollar|C$]]570&nbsp;million (${{formatprice|{{Inflation|CA|570000000|1989}}}} in {{Inflation-year|CA}} dollars{{inflation-fn|CA}}).<ref name=cbcwinlose /> Two levels of government ([[Metropolitan Toronto|Metro Toronto]] and provincial) each initially contributed $30&nbsp;million (${{formatprice|{{Inflation|CA|30000000|1989}}}} in {{Inflation-year|CA}} dollars{{inflation-fn|CA}}).<ref name=cbcwinlose /><ref name=deMause /><ref name=history>{{cite web|url=http://toronto.bluejays.mlb.com/tor/ballpark/reference/index.jsp?content=history|archive-url=https://web.archive.org/web/20101206044418/http://toronto.bluejays.mlb.com/tor/ballpark/reference/index.jsp?content=history|url-status=dead|archive-date=December 6, 2010|title=ROGERS CENTRE HISTORY|access-date=December 28, 2013|publisher=[[Toronto Blue Jays]]}}</ref> This does not include the value of the land that the stadium sits on, which was owned by the [[Canada Lands Company]] (a [[Crown corporations of Canada|Crown corporation of Canada]]) and the City of Toronto and was leased for $900,000 a year through 2088.<ref>{{cite news|url=https://www.theglobeandmail.com/sports/sold/article18278584/|title=Sold . . .|first=Michael|last=Grange|newspaper=[[The Globe and Mail]]|date=November 30, 2004}}</ref> [[Beer in Canada|Canada's three main breweries]] ([[Labatt Brewing Company|Labatt's]], [[Molson]], and [[Carling O'Keefe]]) and the Toronto Blue Jays each paid $5&nbsp;million (${{formatprice|{{Inflation|CA|5000000|1989}}}} in {{Inflation-year|CA}} dollars{{inflation-fn|CA}}) to help fund the stadium.<ref name=history /> An additional 26 other Canadian corporations (selected by invitation only) also contributed $5&nbsp;million,<ref name=history /> for which they received one of the 161 Skyboxes with four parking spaces (for ten years, with an opportunity for renewal) and a 99-year exclusive option on stadium advertising. The initial cost of leasing a Skybox ranged from $150,000 to $225,000 (${{formatprice|{{Inflation|CA|150000|1989}}}} to ${{formatprice|{{Inflation|CA|225000|1989}}}} in {{Inflation-year|CA}} dollars{{inflation-fn|CA}}) a year in 1989&nbsp;– plus the cost of tickets for all events.

The then unusual financing structure created controversy. First of all, there was no public tender for supplies and equipment. Secondly, companies that paid the $5&nbsp;million fee, such as [[Coca-Cola]], [[The Sports Network|TSN]] and [[Canadian Imperial Bank of Commerce|CIBC]], received 100 percent stadium exclusivity,<ref name=cbcwinlose /> including advertising rights, for the life of their contract that could be extended up to 99&nbsp;years. Third, the contracts were not put up for bid, meaning there was some doubt the contracts were made at a market rate: [[Pepsi]] stated at the time that had it known the terms of the contract it would have paid far more than $5&nbsp;million for the rights. Local media like [[Now (newspaper)|''NOW Magazine'']] called the amount charged to the companies "scandalously low".<ref>[[Now (newspaper)|''NOW Magazine'']], December 3–9, 1998.</ref>