Winnipeg Free Press - PRINT EDITION

Follow the dollars

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FOLLOW THE DOLLARS

WINNIPEG GOLDEYES

The baseball Park and the adjacent parking lots from Riverside Park Management. In 2005, it paid $1,092,000 in rent to Riverside Park.

In 2000, it paid $575,000.

2. CITY OF WINNIPEG

Owns Canwest Park and several adjacent parking lots, which it has leased to Riverside Park

Management.

3. RIVERSIDE PARK MANAGEMENT

Leases Canwest Park and the adjacent lots from the city for $1 each plus rent in lieu of realty taxes. Those taxes should amount to approximately $328,000 in 2008.

In 2005, they were approximately $243,000. Riverside Park is also in debt to the Winnipeg Goldeyes, presumably to repay the cost of building Canwest Park.

Between 2000 and 2005, Riverside Park reduced its debt to the Goldeyes by $1.3 million.

Sources: City of Winnipeg records,

Winnipeg Goldeyes' financial statements.

Republished from the Winnipeg Free Press print edition October 11, 2008 $sourceSection$sourcePage

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