Canada's new government provides suppport for IPSCO Place revitalization project



    REGINA, SK, Sept. 20 /CNW Telbec/ - Canada's New Government will consider
funding of up to $20 million for the construction of a new multi-purpose
facility at IPSCO Place under Building Canada, the Government of Canada's new
long term infrastructure plan. The Honourable Gerry Ritz, Minister of
Agriculture and Agri-Food and Minister for the Canadian Wheat Board, made the
announcement today on behalf of the Honourable Lawrence Cannon, Minister of
Transport, Infrastructure and Communities, together with Tom Lukiwski, Member
of Parliament for Regina-Lumsden-Lake Centre, Mark Allan, President and CEO of
IPSCO Place, and Regina Mayor Pat Fiacco.
    "Canada's New Government is pleased to support important projects such as
this," said Minister Ritz. "As part of the historic Building Canada
infrastructure plan, our government is investing in public infrastructure
projects which support a growing economy, a cleaner environment and a more
secure Canada."
    The proposed construction of a new multiplex is part of a larger
revitalization Master Plan for the entire complex and will help attract large
events to Regina. The larger revitalization includes the construction of a
400,000 sq. ft. complex which includes exhibition hall and event facilities,
the upgrade of the Brandt Centre, and the demolition of 19 older buildings.
This will provide the community with modern, comfortable, state-of-the-art
facilities which are available year-round. The multi-purpose facility that is
the subject of today's announcement is the proponent's most important project
component.
    "Our event site has a significant role in attracting and hosting
world-class agri-business, sporting, entertainment and cultural events and has
a major economic impact on the community," said Mark Allan, President and CEO
of IPSCO Place. "This project will allow us the opportunity to move forward
with our master plans for revitalizing and redeveloping IPSCO Place and will
also ensure that we can continue to be competitive nationally and
internationally. We're looking forward to continued partnerships with all
three levels of government to see the multi-phase, multi-year project
completed."
    "We are very pleased with the Government of Canada's decision to make
this major revitalization project a priority," said Mayor Pat Fiacco. "This
project will help ensure the long-term sustainability of IPSCO Place."
    Financial support for the project is conditional on the successful
negotiation with the Province of Saskatchewan of a framework agreement under
Building Canada. It is also conditional on a federal due diligence review of
the project, the successful completion of an environmental assessment and the
successful signing of a contribution agreement.
    Through its unprecedented $33-billion Building Canada infrastructure
plan, Canada's New Government will provide long-term, stable and predictable
funding to help meet infrastructure needs across Canada. Building Canada will
support a stronger, safer and better country.




For further information:

For further information: Karine White, Press Secretary, Office of the
Minister of Transport, Infrastructure and Communities, (613) 991-0700;
Infrastructure Canada, (613) 948-1148


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