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Build it, they will come
THE CANADIAN PRESS
REGINA -- The Saskatchewan government has reached a deal to buy land for the site of a proposed new stadium, but that doesn't mean the facility will be built.
The province says it has reached a conditional sale agreement to buy land near downtown Regina from Canadian Pacific Railway Ltd. (TSX:CP).
Minister responsible Ken Cheveldayoff says the sale is subject to the province's final decision on whether or not to build a new multi-purpose entertainment facility.
A study done earlier this year said a domed stadium to replace the aging home of the CFL's Saskatchewan Roughriders would cost about $386 million -- although a fully retractable roof would add at least another $45 million to the price tag.
The government expects to make a final decision this fall on whether to build the facility.
Cheveldayoff won't say how much the conditional deal with CP will cost in case the sale falls through, but he says it will be disclosed if it's finalized.
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