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  #41  
Old Posted Jan 26, 2011, 5:52 AM
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http://rodpedersen.blogspot.com/2011/01/good-news.html

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(620 CKRM News)
There is a positive step towards a brand new multi-purpose domed stadium in Regina.

The CEO of Crown Investments Corporation Ron Styles says a story in the Globe and Mail which states Federal Conservatives are eyeing an unspent pot of more than $1-billion from the 2008 budget as a way of funding pro-sports venues provides more optimism for this province.

"The Federal government has advised us that they're going to have a look at it under the P3 program and we've gained an extra measure of optimism that something is going to be there for us in the future," Styles told reporters Tuesday.

Styles says the target in the study that's been done has said that raising up to 70 million dollars is quite achievable within Saskatchewan.

"The target that we've talked about - at least the study we had done - said that raising up to $70-million (within the province) is achievable," Styles continued. "We've had some discussions with people in the business community who've said that's an achievable number. Which companies will be involved? It's all a matter of talking about a combination of sponsorships and corporate philanthropy."

Styles says there's always the issue of Saskatchewan taxpayers not interested in supporting such a project.

"This is like most other projects which are very large ... there will be a split within the community. Maybe it's 80/20, 90/10 or 70/30. There's always going to be people who would rather spend their money on something different or would rather not spend their money. But it's safe to say the vast majority of people in Saskatchewan are in favour of the project."
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  #42  
Old Posted Jan 26, 2011, 7:24 AM
Chaps Chaps is offline
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Something fishy about that article. Ron Styles has not been the CEO of CIC since last summer. Ron Styles has been the President and CEO of SaskTel since mid-August. Which means Rod must have just posted a very dated article...or someone skipped the editor.
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  #43  
Old Posted Jan 26, 2011, 8:02 AM
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Originally Posted by Chaps View Post
Something fishy about that article. Ron Styles has not been the CEO of CIC since last summer. Ron Styles has been the President and CEO of SaskTel since mid-August. Which means Rod must have just posted a very dated article...or someone skipped the editor.
Nothing fishy at all, Ron is the CEO of Sasktel but he is also one of the provincial governments lead officials for the stadium project.
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  #44  
Old Posted Jan 26, 2011, 2:33 PM
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Originally Posted by thefourthtower View Post
could you imagine all the hotels office towers that will go go up around this new some as high as 25 floors it will be quite the site to see
No harm intended, part of an e-mail I got. Thought it was funny.

"Capitalization is the difference between helping your Uncle Jack off a horse and helping your uncle jack off a horse."
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  #45  
Old Posted Jan 26, 2011, 2:44 PM
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I'm just wondering if the feds do decide to use money from the P3 to help fund an arena in Quebec or a stadium in Regina for example and they want to be fair to all cities, how much does a city like Vancouver get seeing that their hockey arena is fine and the dome renos are complete or Winnipeg as another example where MTS is not old and the new stadium is already being constructed. Cities will be in line with their hands out and it will be interesting to see how it gets divied up if at all.
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  #46  
Old Posted Jan 26, 2011, 2:51 PM
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Originally Posted by Migs View Post
Nothing fishy at all, Ron is the CEO of Sasktel but he is also one of the provincial governments lead officials for the stadium project.
If not fishy, then just amateur journalism.

"The CEO of Crown Investments Corporation Ron Styles..."

He's not the CEO of CIC.
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  #47  
Old Posted Jan 26, 2011, 3:30 PM
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Originally Posted by Chaps View Post
If not fishy, then just amateur journalism.

"The CEO of Crown Investments Corporation Ron Styles..."

He's not the CEO of CIC.

He was CEO of CIC and kept the file for continuity reasons when he moved to Sasktel.
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  #48  
Old Posted Jan 26, 2011, 5:29 PM
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Bloc wants $175M for Quebec City arena (CBC news, January 25, 2011)

This might make the federal government's tightrope walk more interesting. It looks a lot like the Bloc is testing to see how much they can get.
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  #49  
Old Posted Jan 26, 2011, 5:31 PM
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Originally Posted by Rottie View Post
I'm just wondering if the feds do decide to use money from the P3 to help fund an arena in Quebec or a stadium in Regina for example and they want to be fair to all cities, how much does a city like Vancouver get seeing that their hockey arena is fine and the dome renos are complete or Winnipeg as another example where MTS is not old and the new stadium is already being constructed. Cities will be in line with their hands out and it will be interesting to see how it gets divied up if at all.
From what I understand it wouldn't be any different than any other spending program. Just because a city down east gets funding through another program for a specific project (ie museum) doesn't automatically mean Regina is in line for a new museum as well. Each proposal will be looked at individually, and if they meet the new requirments they could be approved until the money runs out. That just how I read it, I could be wrong.
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  #50  
Old Posted Jan 26, 2011, 5:59 PM
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All I have to say is that if QC and Regina get multi-million dollar handouts for arenas/stadiums, then Winnipeg had better get the EXACT SAME DEAL for it's new stadium, and the same thing for other cities who are building or plan to build sports venues. If not, there will be hell to pay for the conservatives at the next election, I guarantee it.
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  #51  
Old Posted Jan 26, 2011, 6:29 PM
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Originally Posted by RTD View Post
All I have to say is that if QC and Regina get multi-million dollar handouts for arenas/stadiums, then Winnipeg had better get the EXACT SAME DEAL for it's new stadium, and the same thing for other cities who are building or plan to build sports venues. If not, there will be hell to pay for the conservatives at the next election, I guarantee it.
Good luck; the Winnipeg stadium is already begun on excavation so I have doubts that the government would give money to a project that has already begun construction
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  #52  
Old Posted Jan 26, 2011, 6:31 PM
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Originally Posted by RTD View Post
All I have to say is that if QC and Regina get multi-million dollar handouts for arenas/stadiums, then Winnipeg had better get the EXACT SAME DEAL for it's new stadium, and the same thing for other cities who are building or plan to build sports venues. If not, there will be hell to pay for the conservatives at the next election, I guarantee it.
I say Winnipeg should get their fair share too...just get in line behind us and Quebec.
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  #53  
Old Posted Jan 26, 2011, 6:50 PM
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Doesn't Manitoba already get an equalization deal (exclusion of hydro revenues from the formula) that Saskatchewan was promised, then denied?
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  #54  
Old Posted Jan 26, 2011, 7:36 PM
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Originally Posted by RTD View Post
All I have to say is that if QC and Regina get multi-million dollar handouts for arenas/stadiums, then Winnipeg had better get the EXACT SAME DEAL for it's new stadium, and the same thing for other cities who are building or plan to build sports venues. If not, there will be hell to pay for the conservatives at the next election, I guarantee it.
The fault is nobody's but Asper's. There was nothing stopping them from applying to the same P3 fund.

The government isn't just going to go around giving it out because it's there. You have to apply to get it...just like anything in life. You don't apply, you don't get it.
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  #55  
Old Posted Jan 27, 2011, 12:26 AM
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Premier Brad Wall remains realistic for a new stadium in Regina
He says it's interesting to hear what's coming out of Ottawa

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> Federal government may push proposed stadium project in Regina into overtime
ShareThisReported By Sarah Mills
Posted January 26, 2011 - 4:40pm

Premier Brad Wall remains realistic about the prospects for a new stadium in Regina.

Word from Ottawa is that the federal government will adjust the rules for its P3 fund to say yes to Saskatchewan's proposal. But until he sees a cheque he maintains nothing is certain.

Wall won't count his chickens just yet saying "nothing has really changed, just more speculation."

But he admits it is interesting to hear what is coming out of Ottawa, particularly as he feels the application the province made through the P3 fund is a good one.

It argues the proposal is more than just a football stadium, but multipurpose and will do much to revitalize a neighbourhood.

And Wall says they will just keep pushing those points.

"We will just keeping doing what we have been doing which is advancing our position within this federal initiative," said Wall.

But he maintains without federal and private money involvement, there is little future for the proposed project.
http://www.newstalk980.com/story/20110126/46171

Curious statement by Wall. Didn't they state before that this thing would go ahead regardless of federal funding? Also, isn't the private money already in place?
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  #56  
Old Posted Jan 27, 2011, 12:33 AM
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Quote:
Originally Posted by Bdog View Post
http://www.newstalk980.com/story/20110126/46171

Curious statement by Wall. Didn't they state before that this thing would go ahead regardless of federal funding? Also, isn't the private money already in place?
Simply sustaining the pressure on the feds, smart move imo.
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  #57  
Old Posted Jan 27, 2011, 12:34 AM
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Originally Posted by Migs View Post
Nothing fishy at all, Ron is the CEO of Sasktel but he is also one of the provincial governments lead officials for the stadium project.
Migs is right he came into are crew room one morning for installer at sasktel so I asked him what the deal was sorry that how we talk in the crew room we are installer lol anyhow he said he was still taking care of the stadium project and should be hearing some news in 2011 he would not say much more than that so could be good news or bad .
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  #58  
Old Posted Jan 27, 2011, 5:49 AM
Chaps Chaps is offline
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Originally Posted by macblaze View Post
Migs is right he came into are crew room one morning for installer at sasktel so I asked him what the deal was sorry that how we talk in the crew room we are installer lol anyhow he said he was still taking care of the stadium project and should be hearing some news in 2011 he would not say much more than that so could be good news or bad .
I'm not denying he that he is involved with the stadium. I'm just saying they said that he is Ron Styles, CEO of CIC...which he is not and hasn't been for 6 months.
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  #59  
Old Posted Jan 27, 2011, 7:44 AM
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Now its clear that the official opposition is in favour of the funding as well, putting even more pressure on the govt to deliver. Great news for us and bad news for the stadium naysayers as they are running out of people to vote for.

http://www.nationalpost.com/news/can...#ixzz1CDKh1IKF

Quote:
OTTAWA — Liberal leader Michael Ignatieff has offered guarded support for the idea of using federal funds to build a new NHL arena in Quebec City, giving the Harper government more political cover should it decide to bankroll the project.

Ignatieff suggested Wednesday his party would support federal funding for the proposed 18,000-seat arena, provided the city comes up with a “well-put-together” business plan that demonstrates the facility will have a “cultural use” and serve as a “real regional economic driver.”

“If that’s the proposition, and it’s really put together well, and we’ve got private participation and public participation from the other two levels of government, a federal government is going to be involved,” Ignatieff told reporters after the Liberals wrapped up their winter caucus meetings.

“But then you don’t do this one off; you then have to be sure that you’ve got fairness and equity across the country, because there are other regions . . . that have a good enough claim on that.”
Ignatieff added that he would like to see more details about the project. “You’ve got to be able to persuade Canadians that this is good value for money,” he said.

The Harper government appears to have warmed to the notion of funding the proposed arena — which Quebec City hopes will lure an NHL team back to town — since Quebecor Inc. chief executive Pierre Karl Peladeau said his company would be willing to provide “tens of millions” of dollars in support.

Quebec City Mayor Regis Labeaume has been lobbying the federal government to match the $175 million promised by the provincial government to help build the arena, expected to cost roughly $400 million. The city has committed $50 million.

Critics have predicted federal support for the project would set off a wave of requests across the country for funding to build sports facilities. Of the arenas that serve as home to the NHL’s six Canadian teams, only the Scotiabank Place in Ottawa received federal funding to cover construction costs.

The Bloc Quebecois has called on the federal government to cough up the full $175 million requested by Quebec City.

A Department of Finance memo recently obtained by Postmedia News warned that bankrolling the arena would be an “extremely rare” exception to federal policy on funding sports facilities, which has tended to focus on supporting amateur sports.

But pro-sports facilities have received funding when they also hosted big international amateur events, such as the Pan Am Games.

Quebec City has expressed interest in bidding for the Winter Olympics.

Postmedia News
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  #60  
Old Posted Jan 27, 2011, 8:16 AM
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The feds should really change the name of this program to something other than the P3 Canada Fund if they will be supporting stadium and arena projects in this way. Funding a project that has private contributions doesn't automatically make the project a P3...
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