{jathumbnail off} The Harper government and Conservatives are looking at raiding the $1B Public-Private Partnerships Canada (P3) Fund to help build stadiums and arenas across the county, including a new Quebec City arena, but there’s one huge obstacle: the legislation setting up the fund specifically prohibits its use for pro-sports facilities. That’s a huge obstacle, […]
Tag Archives | funding
Quebecor stepping up to fund Quebec City arena
Media giant Quebecor is stepping up to partially fund a new Quebec City arena and close a significant funding gap, as the city moves closer to a facility that could bring back NHL hockey — and perhaps bring in federal aid as well. Quebecor President Pierre Karl Péladeau told the Globe and Mail that his […]
Quebec City ready to move ahead without federal arena aid
{jathumbnail off} With it looking increasingly unlikely the federal government will step in with financial aid for a new Quebec City arena, city and provincial officials say they’re ready to move ahead with a backup financial plan. No word on exactly what’s entailed with the backup financial plan, though it’s most likely related to an […]
Harper: No federal funding of arenas — unless Olympics are involved
{jathumbnail off} Canadian Prime Minister Stephen Harper once again spoke out against federal funding of a new arena in Quebec City, saying that traditionally arenas have been under the purview of local government and the private sector — but left open a loophole for any arena built as part of an Olympic bid. Harper’s position […]
Evansville approves arena funding plan
The official funding plan for the $127.5-million project shields the city from some financial liability; the big question remaining is who will be playing in the facility. The Evansville City Council finalized the funding arrangements for the new downtown arena, identifying the three major financing sources for the project. Basically, money for the arena will […]