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Blue Jays' payments and naming rights fund stadium reserves, staff recommends transfer cut
Summary
Staff told commissioners naming-rights and Blue Jays payments are recorded to stadium reserves for future capital repairs; analysis suggested reducing the general‑fund transfer to the stadium from $550K to $525K and noted the long‑term reserve decline forecast to FY32.
Staff presented the stadium fund analysis and explained the revenue mix and long‑range plan treatment. Les Tyler said naming rights and ticket sales are added into a stadium capital reserve and that the Blue Jays make two advance annual payments (roughly $1,350,000 total) plus an approximately $185,000 share of property taxes. Based on the review, staff proposed reducing the annual general‑fund transfer from $550,000 to $525,000 while monitoring reserves.
"Naming rights is paid every year and the Blue Jays do receive that money and then they pass it on to us ... all that money goes into that reserve that we talked about," Tyler said. Staff projected the stadium fund balance to be approximately $2.1 million at the end of FY27 but to decline to around $382,000 by FY32 if current trends persist and recommended continued monitoring and a modest reduction in the transfer amount.
