It’s been a quiet process, as NHL expansion has moved into a final stage where financials and business plans provided by potential Las Vegas and Quebec City ownership groups are subjected to painstaking scrutiny. (more…)
Tag Archives | quebecor
NHL expansion attracts Las Vegas, Quebec bids
A rather hurried process to gauge potential interest for NHL expansion may have backfired, as the league received only two bids from interested parties in Las Vegas and Quebec City. (more…)
Was Quebec City arena bidding process legal?
With Quebecor and NHL officials discussing a team for Quebec City, the possibility that the Canadian media giant illegally gained the right to manage a new arena is causing some to question whether the process should have been more open. In theory, the bidding process for the naming-rights/management deal snared by Quebecor should have been […]
Will legal challenges derail Quebec City arena?
With opposition politicians promising lawsuits challenging the funding scheme for a new Quebec City arena, city and provincial leaders are taking actions to nip them in the bud. The issue: the agreement between the city and Quebecor for naming rights and management. A former provincial politician and city manager, Denis De Belleval, says he’ll challenge […]
Quebecor commits real money to new Quebec City arena
{jathumbnail off} Canadian media giant Quebecor is making public its financial commitment to a new Quebec City arena, and it’s pretty substantial: between $110 million and $200 million, depending on whether the facility lands an NHL team. The funding commitment is in two areas and on two levels. First, there’s a baseline commitment of $33 […]
City, province to split cost of new Quebec City arena
It’s a much simpler deal than many anticipated, as Quebec City Mayor Régis Labeaume and Quebec Premier Jean Charest today announced the city and the province would split the cost of a new NHL-level 18,000-seat arena, with the hard cost of the project capped at $400 million. The announce came after months of speculation about […]
New Quebec City arena a go?
{jathumbnail off} Various media outlets, including Radio Canada, are reporting that a new Quebec City arena is a go, as Quebec City Mayor Régis Labeaume is expected to hold a press conference tomorrow to announce the final piece of the funding pie: federal gas-tax proceeds. The current plan from Prime Minister Stephen Harper calls for […]
P3 funding eyed for sports facilities — but hurdles remain
{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, […]
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 […]
