Here's what a new entertainment district could look like in Regina
Regina Exhibition Association Limited (REAL) is exploring what a brand new 10,000 seat event centre could look like in the city.
REAL is scheduled to present possible plans for a Regina entertainment district to the city’s executive committee on Wednesday.
It suggests the city should use the future replacement of the Brandt Centre as a catalyst to create a new mid-sized multi-purpose event centre.
“Although we don’t have to make a decision on the Brandt Centre today, we should recognize at some point we will have to make a decision,” Tim Reid, the president and CEO of REAL, said Tuesday.
The feasibility study lays out five viable locations for the project, including the REAL District, the rail yards off Dewdney Avenue or three properties in downtown Regina.
This graphic shows possible locations for the five proposed Regina Entertainment District plans. (Source: Regina Exhibition Association Limited)
REAL is recommending one specific location in downtown Regina, which remained confidential, that it feels is best suited to support the project.
“It is the unanimous decision of the Arena Planning Strategic Committee (APSC2) that the downtown location #5 outlined in detail within the final report holds the greatest potential for the creation of an entertainment district and maximizing the transformational change and financial benefit for the greater City of Regina,” the report read.
REAL anticipates between $100 million to $120 million in construction costs for the project, with an additional cost of $32.7 million to $33.1 million for land assembly costs.
The plans for use of the new facility factor in the addition of National Lacrosse League (NLL) and Canadian Elite Basketball League (CEBL) teams in Regina.
The report estimates the new facilities would be in use around 100 days annually, between the Regina Pats, an NLL and CEBL team; as well as concerts and events.
The operational model projects $1.8 million in net operating income annually, with $10.4 million in revenue and $8.5 million in operating costs.
The APSC2 is composed of several stakeholders in Regina, including the Warehouse District, the Downtown Business Association and the Regina and District Chamber of Commerce.
“There’s a real opportunity for growth and a real opportunity to revitalize downtown with any type of new structure that goes downtown whether it be a new aquatic centre, library or arena,” Tony Playter, the CEO of the Regina and District Chamber of Commerce, said.
The study also recommends the Brandt Centre be repurposed either as a space for recreational or agricultural use.
REAL is optimistic the report will be accepted by the city and used for future planning of a possible replacement of the Brandt Centre.
CTVNews.ca Top Stories
'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
WATCH Video shows dramatic police takedown of carjacking suspects chased through parking lot north of Toronto
Police have released video footage of a dramatic takedown of a group of teens wanted in connection with an attempted carjacking in Markham earlier this month.
After hearing thousands of last words, this hospital chaplain has advice for the living
Hospital chaplain J.S. Park opens up about death, grief and hearing thousands of last words, and shares his advice for the living.
DEVELOPING G7 warns of new sanctions against Iran as world reacts to apparent Israeli drone attack
Group of Seven foreign ministers warned of new sanctions against Iran on Friday for its drone and missile attack on Israel, and urged both sides to avoid an escalation of the conflict.
WHO likely to issue wider alert on contaminated cough syrup
The World Health Organization is likely to issue a wider warning about contaminated Johnson and Johnson-made children's cough syrup found in Nigeria last week, it said in an email.
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck
Tesla is recalling 3,878 of its 2024 Cybertrucks after it discovered that the accelerator pedal can become stuck, potentially causing the vehicle to accelerate unintentionally and increase the risk of a crash.
'It was all my savings': Ontario woman loses $15K to fake Walmart job scam
A woman who recently moved to Canada from India was searching for a job when she got caught in an online job scam and lost $15,000.
A couple lost their wedding rings during the ceremony. Two strangers found a fitting solution
Every good wedding has to have one teensy, tiny crisis.
Families to receive Canada Child Benefit payment on Friday
More money will land in the pockets of some Canadian families on Friday for the latest Canada Child Benefit installment.