REGINA — City council in Regina has approved the basics of a $1-billion inner city redevelopment plan that includes a new home for the CFL’s Saskatchewan Roughriders.
The 15-year plan covers more than 21 hectares near Regina’s downtown.
Under terms of the three-phase project approved Monday, the Roughriders could have a new stadium as early as 2016 on land currently used as a Canadian Pacific Railway marshalling yard.
The Riders’ current home — Mosaic Stadium — would be torn down and the land used for a combination of housing, retail and office development.
Mayor Pat Fiacco (fee-AH’-koh) says 75 per cent of the money needed for the project would come from the private sector.
Fiacco also says that while the 15-year timeline appears aggressive, it shows the public and investors that Regina is serious about getting the work done.