Quote:
Originally Posted by osmo
Something will have to leak out soon enough. Just from requests for the debt ceiling raise you can tell the thing will costs at least 150m I assume the Sask Govt is being asked to plug up that difference of 100m.
If that is the case IMO its just a money transfer. Regina will need money down the road to shore itself up if it decides to take on that much debt so quickly. This is just playing politics and pushing the Govt's financial obligation for the Stadium down the road.
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Part of the request for raising the debt is for other projects as well, such as a new library and a new water treatment facility. The latter will most likely put the city in greater debt than the stadium.
To put this all into persepective though, Regina's debt ceiling is what... 200 million while Saskatoon's is something like 550 million.