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Originally Posted by jlousa
Wow quite the read. If anyone is interested in an outsiders view.
The Stadium being proposed is under-priced and will cost considerably more then predicted.
The economic benefits proposed are exaggerated, they are best case scenario but honestly not realistic.
The money from sponsorships is not even in the right ballpark, how much are you guys getting right now? Multiple that by two and you have a much better idea on how much will really be there.
Now that I just upset of a few people, let me state that I still hope that Regina gets the stadium. I agree it should be covered to allow year round usage. I have no problem with the province paying for it either so long as it remains publicly owned. I do not however think the feds should not contribute, the feds can help by paying for basic infrastructure like roads/sewers/railroad improvements etc that would need upgrading if this goes ahead, but not the stadium itself. Same deal for Quebec.
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I agree with you completely. Feasibility reports like this always exagerate benefits, and underestimate costs, especially when those writing it have their own interests at play (ie: PCL stating explicitly that they hope to be part of building the project. So, of COURSE they would want to promote this thing as necessary). Also, there are huge flaws in the economic arguments, especially in the pro forma and economic impact sections (ie: Elton John sold out concerts in both Regina and Saskatoon, and therefore, the new stadium won't steal shows from regina; or "Will positively impact almost every resident of Saskatchewan"...)
As for sponsorships, you're bang on again... People are overestimating the revenue that naming rights bring in: Right now, Mosaic is paying just under 4 million over 10 years...That should put things into perspective. Companies aren't going to be paying a million a year to have a lounge or entry gate named after them...
As for the provincial funding part, I don't see how the stadium can remain publicly owned. In order to get P3 funding, the stadium either has to be privately financed (no dice with the hopeful 70 million being tossed around) or privately operated. Moreover, the P3 program only funds projects that shift considerable risk to the private partners. There will be absolutely no risk on these partners - the generous corporate citizens that donate to this project or buy sponsorship dollars will NOT be on the hook for any cost overruns. No, that will fall squarely on the taxpayers of Saskatchewan (or, the gamblers at least, for those who think that the gaming corp will somehow be able to finance the lions share of this project)...
And as for the Federal funding, bang on again. The feds might contribute to infra, etc, but definitely won't be paying the 100 Million that is hoped for. Migs posted about Harper saying that they would follow precedent and disburse the money equitably. No recent project has gotten more than 28 million. All projects had specific criteria as well (the 15 mill in Winnipeg for the youth sports component; the 25 mill in Hamilton for the Pan am games; the 25 for BMO field for Canada's u-20 World Cup bid, etc...). These modest funds were given at a time of surpluses and economic prosperity. Now, with the feds running record defecits and Harper talking about reigning in spending, some on this forum expect the feds (who "owe" saskatchewan) to pay them 4 times as much? I think if Brad Wall brings that talk to the PMO, he'll be quickly reminded that they were just saved billions through the blocking of the Potash takeover bid. (And yes, Migs, you will say that it was in the interest of the whole country - but CLEARLY Saskatchewan is the primary beneficiary of that block, no one else)
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I am sure we can come up with some other type of wager. 
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