Saskatoon city committee considering downtown arena options
A Saskatoon city committee will debate the next steps to take on a potential downtown arena.
The governance and priorities committee will review a report Tuesday afternoon from administration recommending an arena be considered in any future plans for the downtown core.
In the report released on Nov. 7, administration said a number of factors went into the decision, including benefits to hotels, restaurants, and the shopping district.
It also recommended an analysis be conducted on how an arena would affect infrastructure.
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A separate report outlines funding options, stating municipalities, on average, funded 60 per cent of cost for arenas and stadiums constructed in non-NHL cities since 2005.
The city’s chief financial officer, Kerry Tarasoff, said the funding analysis is not to provide strategy, rather to provide different financing options.
The cost to replace SaskTel Centre and TCU Place is estimated between $330 million and $375 million.
The CEOs of both facilities have previously stated they would prefer a new facility rather than upgrades to the current buildings.
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