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SBD/March 2, 2011/Facilities
Quebecor Buys Management, Naming Rights To Proposed Quebec City Arena
Published March 2, 2011
PRIVATE PARTNER: Labeaume said that he will be "sending the business plan documents" for the new arena to Josée Verner, the federal minister responsible for Quebec City. In Toronto, Andrew Chung notes the Conservative government in Ottawa "has been asking for such a plan that includes the private sector before committing financing to the project." Labeaume emphasized that the private money from Quebecor "would reimburse the city’s construction costs," currently planned at C$187M. The province also has committed C$200M and a group of citizens C$13M "for seats in the future arena." However, Verner yesterday said that the plan "doesn’t include enough private cash since Quebecor isn’t participating in the arena’s construction" (TORONTO STAR, 3/2).
DIFFERENT APPROACHES: The GLOBE & MAIL's Seguin & Gordon write under the header, "Quebec City, Regina Take Different Paths On Sports Facilities." The City of Regina is "pulling the plug" on its plan to build a C$430M domed stadium for the CFL Saskatchewan Roughriders if the federal government "fails to deliver." Without federal cash, the project is "certain to die." Meanwhile, Quebec is "telling Ottawa that if it wants to drag its feet on the construction of a multipurpose arena then it can sit on the sidelines while the project moves forward." More than a "half dozen federal seats in the Quebec City region may be at stake for Prime Minister Stephen Harper’s Conservatives if they fail to deliver any money for the arena" (GLOBE & MAIL, 3/2).