The 100 million is also building a practice rink for the team that would be down the street. I think that MLSE will easily make the money back on the deal and remember they won't have to buy the land.
They will rent to the Argo's and Canadian Soccer teams for games. also the rink might be where the St. Mikes Majors could play. They do want to get out of the little rink on the school grounds.
Either way I think it is a move to have MLSE to own all the sports franchises in Toronto.
I agree that MLSE will eventually buy all the sports franchises in toronto and bring other sports franchises to toronto (ie, NFL MLS), however, will they be willing to build a basball only stadium. Since the skydome sightline all the worst for all events and that' why the jays and argos are not doing as well as they used to. I kow the jays they well but once the magic of winning left peope realized how bad the skydome was and have stayed because of it.