Friday, February 11, 2011

Quebec City Building New Arena

((HT: Sportsnet Radio/FAN590 Toronto))

Quebec City says it will start building its new NHL-style arena in several months - with or without any help from the federal government or the private sector. Quebec City Mayor Regis Labeaume and Premier Jean Charest said the project will go ahead with a 50-50 funding arrangement between the province and city.

Here's hockey columnist Andrew Rodger on the prospects of a new franchise in Quebec City with CBC News Now's Heather Hiscox...
((HT: CBC News Now/youtube))

Someone give this place a tenant- quickly...

Pierre Karl PĂ©ladeau, the president and CEO of Quebecor, has said that he is in negotiations with the city to participate in the project, offering to invest a "substantial" amount in the range of tens of millions of dollars.

Mayor Labeaume said the city will increase its investment in the arena to C$187-million, from C$50-million.

The Quebec government also upped its funding to C$200-million, from C$180-million.

It still leaves the door open for federal funding- should they wish to jump in at any point...

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