Price tag on new Mosaic Stadium may still go up
The overall price tag of the new Mosaic Stadium may not be set in stone.
At Regina’s city council meeting Monday evening, the Regina Exhibition Associated Limited (REAL) – the body that oversees operations at Evraz Place – will ask council to approve raising its debt limit from the current $2.8 million to $13 million.
While most of the money Evraz Place is asking for would be used for maintenance around the facility, a little under $4 million would be used for the new stadium’s food and beverage concessions.
The City of Regina is the only member of REAL. That means if given the OK, that additional debt would be tacked on to the city’s debt limit, which has a cap of $450 million.