September 25, 2007
Federal government ponders $20 million for Regina trade centre
The federal government is looking at funding up to $20 million for the construction of a new multi-purpose facility at IPSCO Place under Building Canada infrastructure plan.
The proposed construction of a new multiplex is part of a larger revitalization for the entire complex and will help attract large events to Regina. The larger revitalization includes the building of a 400,000 square foot complex which includes exhibition hall and event facilities, the upgrade of the Brandt Centre, and the demolition of 19 older buildings.
“Our event site has a significant role in attracting and hosting world-class agri-business, sporting, entertainment and cultural events and has a major economic impact on the community,” said Mark Allan, President and CEO of IPSCO Place.
“This project will allow us the opportunity to move forward with our master plans for revitalizing and redeveloping IPSCO Place and will also ensure that we can continue to be competitive nationally and internationally.
“We’re looking forward to continued partnerships with all three levels of government to see the multi-phase, multi-year project completed.”
“We are very pleased with the Government of Canada’s decision to make this major revitalization project a priority,” said Mayor Pat Fiacco. “This project will help ensure the long-term sustainability of IPSCO Place.”
Financial support for the project is conditional on the successful negotiation with the Province of Saskatchewan of a framework agreement under Building Canada.
It is also conditional on a federal due diligence review of the project, the successful completion of an environmental assessment and the successful signing of a contribution agreement.
DCN News Services
|MOST POPULAR STORIES|
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 515 projects with a total value of $3,642,725,048 that Reed Construction Data Building Reports reported on Friday.
$47,000,000 Metro Toronto Reg ON Tenders
$40,000,000 Ottawa ON Negotiated
$34,000,000 East Gwillimbury ON Prebid
- Ex-Canadian military bases can be transformed
- Shop and Sleep
- Martin remembered for infectious laugh and mentorship
- Staffing levels and safety drive Ontario elevator worker strike
- Proposed wood-frame use meets opposition
- Provincial MPP supporters of prompt payment legislation excited at prospects
- Concrete airplane in South Dakota takes flight
- Opposition tackle Harper government on lack of youth employment
- Construction Site Arson
- VIDEO: Journal of Commerce Update for the week of May 27th, 2013
- Commercial Construction
- Ruling vindicates company that hired Chinese workers
- Acetylene torch explosion causes significant damage
- Investigation continues in deliberate Vancouver duplex fire
- Ancient First Nations site damaged during BC Hydro work
- On Target
- Global engineering guidelines taking shape
- Fit to Work program being developed
- Dire prediction
- Canada and Ireland sign recognition agreement
|ALEX’S ECONOMICS BLOG|
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- An Overview of Prices and Sales in the Diverging U.S. and Canadian Housing Markets (April 25, 2013)
- Canada’s Precarious Dependence on the Commodity Price Super-Cycle (April 22, 2013)
- Twenty major upcoming residential and transportation terminal construction projects - April 2013 (April 15, 2013)