Community stadium update
Regional Council has directed the Chief Administrative Officer (CAO) to negotiate a one-time contribution of $20 million towards construction costs of a community stadium, payable upon substantial completion of the facility.
The contribution agreement with the stadium proponent, Schooners Sports & Entertainment, is subject to the selection of a site with optimal access to major transportation routes and necessary infrastructure acceptable to Regional Council.
Per Council direction, the municipality will not own or operate the stadium and there will be no municipal funds directed towards cost sharing in capital, operating or maintenance costs of the facility.
The CAO will return to Regional Council for approval of the site and contribution agreement before construction commences.
For more information, read the report.