Yikes... nothing like a throw down to make this forum a little livelier... I'll parrot everybody saying it's fantastic news for Saskatchewan on the whole. Having grown up in Saskatoon, I love the cosmopolitan feel the city is getting (although small-minded people are still out there), and as for Regina whereas a younger version of myself would have fallen into a knee-jerk comparison I can now say the adult me likes visiting there (walking down Victoria, downtown, etc).
As for the "government town" debate, sure that may have held water 20 years ago, but also I think it's now the case that both cities have sought out a bit more diversification. So not only are we not longer just government or university towns, but we are more vibrant economically and have lots of companies and sectors to be proud of (government, research, mining, ag and agtech, entertainment, etc).
Finally, I fail to see how a city's skyline gives any appreciable increase to its quality of life. It basically comes down to a 🞵🞵🞵🞵🞵-measuring contest (started in this case by someone who spurns Toronto for its lack of a "supertall"). I can honestly say I don't really care what growth happens in Saskatoon's skyline, but I do care about its downtown's vitality, the park space, its amenities, employment opportunities, and other things that directly affect quality of life. It's not really about tall buildings. Although an interesting study to undertake may be to determine if there is a relationship between the number of tall buildings in a city to the number of dicks that live there.