Friday, June 29, 2012

Political brilliance on stadium announcement

When I first heard that the provincial government would fund up $80million for a "roof ready" new stadium my reaction was that this probably would be less than what was needed to make the project go. Then to my surprise, later in the day both Regina Mayor Pat Fiacco and the Riders held press conferences to state how pleased they were with the provinces' announcement ...and the Riders themselves would contribute to the project. The province put it in the context that their contribution would be a similar percentage to what they have given to other "recreation centers" in the province...and they went on to list them, town by town, city by city. So I think what the province has done has found a nice sweet spot between those in favor and opposed to a new stadium. The $80m is no where near the $240m the City requested(So taxpayers are perhaps breathing a sigh of relief) and the $80m is probably enough of a commitment to get the project off the ground, as it also comes with a loan if necessary. Because the mayor was beaming in his press conference, and the Riders stepped up to the plate with a commitment to fund (total amount will be released later) for the first time, it leads me to believe that a deal is in the works. The mayor imposed a July deadline for all funding to be in place...and no one seemed to think that was going to be a problem. Private sector funding must be in the queue then, and an announcement forthcoming. The provinces' announcement is walking a political tightrope with grace and agility. In the end I think everyone will believe that they are being respectful of taxpayers money, while at the same time participating in a meaningful level on one of the biggest and most needed Infastructure projects in the provinces' history.

1 comment:

oxygentax said...

Best thing that could be done is have the Riders step up and take the interest free loan to put another 1/3 into the stadium and get it done.

Then the City has to step up too, but by that point, it'll be on the way to getting done.