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Regina city council approves stadium plans
Published Monday, January 28, 2013 8:03AM CST
Last Updated Tuesday, January 29, 2013 7:55AM CST
Regina city council has approved a funding model and concept design for a new stadium.
Shawn Fraser was again the lone councillor against the plan at Monday night’s meeting.
The city is on the hook for $173 million of the $278 million project. That includes a $100 million provincial loan.
The province will also provide an $80 million grant, while the Saskatchewan Roughriders will kick in $25 million.
Regina residents would see their property taxes go up 0.45 per cent annually over a 10-year period. In addition, a facility fee of $12 would be added to tickets for games and major events.
The vote didn’t sit well with many of the more than a dozen people who spoke at the meeting. They argued the funding arrangement isn’t sustainable and that the money would be better spent elsewhere.