Argos moving to York University

The Toronto Argonauts are another step closer to leaving SkyDome, as the CFL club has scheduled a Monday news conference where it's expected to confirm plans to build a new stadium at York University.

News of the Argos' move into a $70 million, 25,000-seat stadium at York comes just two weeks after the University of Toronto abandoned plans for a downtown stadium due to escalating costs.

According to a Toronto Star report, York will put up $15 million, another $35 million will come from the federal government, and $8 million from the provincial government.

The Argos, who will play in the new stadium for the 2006 season, will be responsible for the rest of the money and for any cost overruns, sources told the Star.

The Argos' old stadium plan involved a partnership between the University of Toronto and the Canadian Soccer Association, and was to include an eight-lane running track, regulation-size football and soccer field as well as retail and commercial space at an estimated cost of $80 million.

The Argonauts currently play in the SkyDome, but the team's owners would love to have a smaller stadium to help rekindle interest in the football franchise. The Montreal Alouettes made a similar move to Percival Molson Stadium from Olympic Stadium with great success.

The new stadium would also be home to the Canadian Soccer Association and host matches for the 2007 world under-21 men's soccer championships. The tournament is second only to the World Cup in size.

with files from Canadian Press