To pay for the post Olympic round of renovations, the BC government provides $15 million a year, on top of an $8 million yearly operating subsidy. They're in the middle of a third renovation for FIFA, which is now estimated to be $176 million give or take 5 million.
View attachment 666782
That would be a big cost to take on, given the city and province currently provide $0 yearly to McMahon.
I'd guess that a baseline $1 billion stadium would end up in the $40 million a year range to build and operate.
If can build it AND use it for Rodeo and Chucks, you add a lot of events. The Grandstand is also old. If you made it enclosed, it could also be used as more tradeshow floors. Replace McMahon, the Grandstand, and the Big 4, maybe you start to get to 'viable'.
Eye balling that, it might work.
View attachment 666791