In a rather bizarre bit of public theatre, some hotel owners have offered to contribute about $10 million dollars to the construction of domed stadium in Regina over the next 15 years.
Its nice to see the business community make some attempt at civic responsibility in a community where the hotel owners tend to spend most of their energy in the public sphere attempting to increase their revenues through looser liquor and gambling laws.
The story got a lot of mainstream press and blog coverage especially by the most hardcore pro-stadium sources, but its my opinion that the business community is going to have to pony up a lot more money.
I hate to be the buzz-killer here, because I want to see the new stadium but if this is the best the business community can come up with, there is no way this new stadium can break ground.
First, the hotel owners are coming up with the money to put towards the stadium by increasing the fees they collect for lodging travellers -- something that sounds an awful lot like a tax increase, even if it doesn't sound like its government-driven.
Second, 15 million dollars represents about 1/20th of the lowest-quoted cost for the stadium -- a number that doesn't account for cost over-runs. So if this stadium is going to be built without public funds, its time for Viterra, Mosaic, the Hill Companies and other business interests to step up with a much more substantial and less-backhanded show of financial support. The grain companies, miners, and landlords have grown rich off of this city and region, and its time they showed that they contribute to public life in Saskatchewan in a way that touches people beyond their employees and owners.
Under normal conditions, I wouldn't mind seeing the government contribute to building a stadium - but our provincial finances seem to be getting more and more out of hand. I don't support a stadium if our government is going to be printing money to pay for it.
Related to that, the crown corporations are publicly owned - so if SaskTel, SaskPower, or the Saskatchewan gaming corporation is ponying up the dough for a new stadium, the fair and democratic thing to do, would be to hold a referendum (a vote among shareholders) to see if citizens really want their crown corporations funding a stadium.
I believe the construction of a new stadium would be a great step in the development of Regina and Saskatchewan, but we still don't have the proof that the money is available.
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