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  #1  
Old Posted Jan 24, 2011, 6:22 AM
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Regina | New Mosaic Stadium

(Link to previous thread) http://forum.skyscraperpage.com/showthread.php?t=171703


photo from CIC feasibility report.

Since the previous thread was locked for obvious reasons, its time to start another one as this project is one of the biggest in Saskatchewan history.

http://www.theglobeandmail.com/sport...rticle1880307/

Quote:
Originally Posted by Globe and Mail
Ottawa welcomes Quebecor's commitment to arena in Quebec City
The possibility of a taxpayer-funded hockey arena in Quebec City appears to have moved a step closer to reality with the federal government welcoming an announced injection of private cash from media giant Quebecor.

Quebecor's president and CEO Pierre-Karl Peladeau, in his first public pledge to pony up his own money for the project, says he has offered “tens of millions of dollars” to help build the estimated $400-million facility.

Peladeau told reporters Sunday evening in Quebec City that negotiations are ongoing to come up with an agreement to build the rink, with the eventual goal of bringing the defunct Nordiques back to the provincial capital.

Ottawa has stressed that private-sector money would be a necessary condition for any federal investment in the project. The government applauded the latest development.

Christian Paradis, Prime Minister Stephen Harper's political lieutenant for Quebec, said Sunday the interest from Quebecor is promising.

“Certainly it's encouraging, because we've always said there would eventually be participation from the federal government if the private sector made major investments,” Paradis told The Canadian Press.

“It's going in the right direction. Remember that at the beginning it was supposed to be 100-per-cent financed with public money - and that was unacceptable. Now we see a new element, and that's good.”

In September, Quebec City Conservative MPs illustrated their own eagerness by wearing the Nordiques' old blue-and-white jersey to a public event.

Detractors have warned Ottawa to steer clear of committing public money to a project that benefits private enterprise — particularly at a time of enormous federal deficits.

The proposed facility, which has already received financial backing from the provincial and municipal governments, is considered a prerequisite for the potential return of NHL hockey.

While it might prove popular locally and help the Conservatives make inroads in the province, any federal funding would carry obvious political risks.

The demand for federal cash for sports teams could quickly spread across the country and create regional grievances in areas that don't receive it.

Edmonton, Calgary, Winnipeg, Regina and Hamilton have all expressed interest in new sports venues or upgrades to existing ones.


A report by Equipe-Quebec — a group working to attract the Winter Olympics in 2022 — recommends building an arena. But it also concedes the building would run a deficit unless it attracted an NHL tenant.

According to a study conducted by Ernst & Young, a new arena would bring in $8.4 million a year with an NHL tenant and $7.8 million without a professional club.

The cost of financing and maintaining an arena could be far higher. According to Claude Rousseau, president of Equipe-Quebec, the expenses would be between $36 million and $41 million annually, rendering the building unprofitable for a private business.

But over the longer term, the project would generate $500-$600 million over 40 years and governments would reap the benefits.
Funny, they are now saying alot of the same things I have said.

Last edited by Migs; Mar 29, 2011 at 11:38 PM.
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  #2  
Old Posted Jan 24, 2011, 6:50 AM
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next 2 or more people to get outa hand in here gets a 24hr break nuff said......
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  #3  
Old Posted Jan 24, 2011, 7:24 AM
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So if/when this facility gets built... it will be larger than the Air Canada Centre? And taller than the Fargo dome? That's Crazy!
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  #4  
Old Posted Jan 24, 2011, 12:02 PM
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Quote:
Originally Posted by youngregina View Post
So if/when this facility gets built... it will be larger than the Air Canada Centre? And taller than the Fargo dome? That's Crazy!
Well if it gets built it will be MUCH bigger in size than both of those facilities so, yep......

When did this facility get a name change? Just asking so don't get a grump on.
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  #5  
Old Posted Jan 24, 2011, 3:11 PM
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Quote:
Originally Posted by Dalreg View Post
Well if it gets built it will be MUCH bigger in size than both of those facilities so, yep......

When did this facility get a name change? Just asking so don't get a grump on.
Its name didn't change, its always been refered to as this. Here is the full feasibility study for those who haven't had a chance to read it yet.

http://www.cicorp.sk.ca/publications.../other_reports
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  #6  
Old Posted Jan 24, 2011, 4:06 PM
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I'm looking fwd to some decisive news on this in the coming wks...
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  #7  
Old Posted Jan 24, 2011, 5:27 PM
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Now it looks like the Quebec folks are looking for funding under the P3 program. Why didn't we think of that?

http://www.theglobeandmail.com/news/...rticle1880348/

Quote:
Globe and Mail
Péladeau proposes ‘substantial’ financing for Quebec City NHL arena

Media magnate Pierre Karl Péladeau says he’s willing to pour “tens of millions of dollars” into building a new multipurpose arena in Quebec City.

Citing the return of NHL hockey to the city as his priority, the president of Quebecor confirmed his intentions in Quebec City on Sunday night.

“We have proposed something to the city that we consider to be very substantial,” Mr. Péladeau told reporters, declining to elaborate on how much he’s prepared to spend because “we want to keep these talks private.”

It also seems Quebecor, which recently won regulatory approval for a 24-hour sports channel, would be interested in managing the arena; there is considerable speculation in Quebec that other partners in the venture will shortly be announced, possibly including impresario René Angélil.

Negotiations continue over the financing of the arena, but Mr. Péladeau’s announcement will surely ratchet up the pressure on the Conservative government in Ottawa – as a possible federal election looms – to kick in its share.

There’s political chatter in Quebec that that could happen through the federal Public-Private Partnerships Canada agency, hence Ottawa’s insistence on private funding as part of the project, which is expected to cost $350-million to $400-million.

Making a contribution using existing funds would presumably help attenuate any political fallout in other provinces.

Federals officials, however, said their position has not changed and that the ball remains in the hands of the municipal government.

A Conservative source said the contribution from the private sector must be “important” given the “federal government has not funded professional sports facilities in the past.”

The government’s position is that the project must be “equitable for all regions of the country and affordable for taxpayers’ during this period of fiscal restraint.”

Public Works Minister Christian Paradis said Sunday that the interest from Quebecor is promising. “Certainly it’s encouraging because we’ve always said there would eventually be participation from the federal government if the private sector made major investments.”

The province and the city have already pledged $200-million, and Quebec City Mayor Régis Labeaume has repeatedly said the project will go ahead with or without federal funding. An official from Mr. Labeaume’s political party let slip on Friday that a new arena deal had been reached and would be announced in three weeks – he backtracked later in the day.

The National Hockey League has signalled it would like to return to the home of the former Quebec Nordiques, but that can’t happen without a new arena.

With reports from Daniel Leblanc and The Canadian Press
Weird, alot of the same arguments I made in weeks past.
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  #8  
Old Posted Jan 25, 2011, 6:25 AM
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I'm an Ontario boy born and raised but from what I've seen...it's Saskatchewan's time now! The stadium plans look spectacular...I've been following this provinces progress for the past year and have been nothing short of impressed. Keep it up!!

Also Migs, I saw your flabbergasted comment in our Hamilton Pan-Am stadium thread...I totally concur...what a mess it's been. We love our Ivor Wynne dearly but as a sign of the times, we need new digs pronto. Our city councilors however have their heads up well...you know where so I'm certain we won't build anything close to the gem that's being planned out there in Regina.

I look forward to visiting the province soon!
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  #9  
Old Posted Jan 25, 2011, 6:40 AM
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To me the Hamilton saga had more to do with Ti-Cat ownership not wanting to work with the City's vision. Were the Mayor and Council not committed to a downtown stadium and it was ownership who preferred a suburban location (citing the need for parking, blah).

At the very least it's staying in Hamilton and not going across the highway to Burlington. That would have been worst case scenario right there.
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  #10  
Old Posted Jan 26, 2011, 5:52 AM
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http://rodpedersen.blogspot.com/2011/01/good-news.html

Quote:
(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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  #11  
Old Posted Jan 26, 2011, 7:24 AM
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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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  #12  
Old Posted Jan 26, 2011, 8:02 AM
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Quote:
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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  #13  
Old Posted Jan 26, 2011, 2:51 PM
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Quote:
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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  #14  
Old Posted Jan 27, 2011, 12:34 AM
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Quote:
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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  #15  
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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  #16  
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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  #17  
Old Posted Jan 27, 2011, 3:37 PM
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Originally Posted by Bdog View Post
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...
You do know what P3 stands for right?
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  #18  
Old Posted Jan 27, 2011, 5:12 PM
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Sounds like the federal NDP are in support as well, as long as there is a good business plan and that there are no one offs. So I guess that makes zero opposition to funding from the P3 program.
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  #19  
Old Posted Jan 25, 2011, 8:05 AM
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Love the Plans, Looks great. Cannot wait to see this built!
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  #20  
Old Posted Jan 25, 2011, 6:41 PM
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Looks like the odds of the Feds helping to fund this project just went up. CTV news at noon reported the Feds are looking at funding through the P3 fund. There was 1 billion dollars in unspent money from the budget. I guess they are looking at Regina as a "test case."
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