The design for Regina's new football stadium is expected this morning and CBC News will have a live online coverage of the announcement.
The $278-million stadium was announced in July of 2012 and will be built on the city's exhibition grounds, known as Evraz Place, in time for the 2017 football season.
Money for the 33,000-seat facility will come from:
- $80 million grant from the province of Saskatchewan.
- $73 million from the city of Regina.
- $25 million generated by such things as naming rights, to be coordinated by the Saskatchewan Roughriders Football Club.
- $100 million loan, from the province, to be paid down over 30 years through a $12 per ticket facility fee tacked onto each football game or any other event at the new stadium.
Regina taxpayers will see regular annual increases to their property taxes in order to generate money for the city's contribution to the construction tab.
Officials have repeatedly promised the stadium will be built on time and within the construction budget.
Deputy city manager Brent Sjoberg says if costs rise, some elements of the stadium design will be adjusted to keep within the budget.
Officials have also insisted the facility be roof-ready.
The current facility, Mosaic Stadium, will be demolished once the new facility is open. The city plans to redevelop the land into a mix of residential and other uses.