Regina council to vote on stadium funding plan

Decide what form of public-private partnership will be used
Reported by Joel Gasson
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City council in Regina will vote Monday night to approve a model of public-private partnership that will see a company oversee the building of a new stadium in the city.

The company will be responsible for designing, building, financing and maintaining the building.

There hasn’t been a decision yet on a roof, but city council’s vote is a small step forward for a new entertainment facility.

Deputy City Manager Brent Sjoberg says taking this route will be better for the stadium long term.

“We’ve done our due diligence on this. We think it’s the right model to proceed forward on. We’ll see if they agree,” said Sjoberg.

It also allows the city to pay back the company over a 30-year period, rather than a lump sum.

The City would still own and operate the building.

In August, Mayor Pat Fiacco said the new stadium could be built as early as 2016.

Edited by News Talk Radio's Karin Yeske.

File photo taken Aug. 19, 2011, of railyard area where proposed stadium will be built in Regina. Karen Brownlee/News Talk Radio