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IN FRONT OF PARLIAMENT, BROCHU "HINTS" AT GOV'T ASSISTANCE
Published May 6, 1998
Expos President Claude Brochu told a House of Commons subcommittee yesterday that the team would need financial assistance in funding a $250M facility or the team may have to be sold to U.S. interests, according to Wills, Myles & Clark of the Montreal GAZETTE. Brochu said that after $100M is raised from local corporations, the remaining $150M "required for construction requires the involvement of government in a yet-to-be determined form." Wills, Myles & Clark write that "most" committee members "appeared sympathetic" to Brochu's request. Brochu added that funding would have to be in place by June. Later, Brochu said, "By the year 2002, we expect the (players') salaries to double. We know this is something very frustrating, but this is something you have to live with." Brochu: "We are willing to assume the risk and stay in Montreal, but there have to be certain conditions." Wills, Myles & Clark report that while members of the committee "gave Brochu tentative assurances of tax breaks, they have only the power to recommend" (GAZETTE, 5/6). Afterward Brochu told reporters: "It has nothing to do with subsidy. It has everything to do with investment" (Bruce Cheadle, Toronto GLOBE & MAIL, 5/6).