The Saskatchewan Roughriders will no longer be getting any tax exemptions from the City of Regina.

The club, which is considered a community-owned enterprise, had been benefiting for years from a variety of exemptions relating to property tax levies.

At a Monday night meeting of council, however, it was decided to eliminate all tax breaks provided to the Riders.

The economic impact, this year, is $42,515 related to the club's leased space at Mosaic Stadium and $12,623 for other space the club uses, including a parking lot.

Council determined the club's finances were such that tax relief was no longer needed.

"Council felt that the Riders are doing very well," Regina Mayor Michael Fougere told CBC News Tuesday. "They are a very prosperous team, a very successful team and there were times when the Riders weren't that successful or prosperous and that's why we had the exemption ... to help them, as a bit of a safety net." 

Fougere also said the city's relationship with the club will change when the Roughriders become a tenant of the new football stadium, set to open in 2017.

"We'll have a new relationship with the Riders with the new stadium," he said. "We won't need to have exemptions there either, so this is the end of exemptions as far as I can see for the future for the Riders."

According to the Riders, the tax breaks have been part of a lease agreement with the city since the 1980s.