Next phase of revitalizing Regina begins
Global Regina : Friday, August 19, 2011 1:42 PM
Mayor Pat Fiacco will look to city council Monday for approval on his dream of revitalizing Regina.
The mayor made the announcement Friday as part of an update to the Regina Revitalization project.
On Monday, council will consider a vision and a series of principles to be used as a spring board for future planning for the project.
The project involves two phases; one involves a complete overhaul of north central Regina where the current Mosaic Stadium now sits. Under the plan, 53 acres of land would be transformed into an area of affordable housing, business and high-end residential areas.
The second phase would take 16 years and would see the existing CP Rail yards replaced with a new entertainment complex, which would house the Saskatchewan Roughriders. Businesses, residential areas and other forms of housing would also go in the new site.
Fiacco said Friday his plan for funding the project remains the same, 75 per cent would come from the private sector and 25 per cent from the public purse.
Construction for an entertainment centre is slated to begin in 2013, with completion of the new facility in 2016. Development of the remaining land on the CP Rail site would begin in 2014 and development of the Mosaic Stadium site would begin in 2016.
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