REGINA, May 27, 2011 /CNW/ - Today the City of Regina announced the next
steps toward realizing a generational opportunity to redevelop 53 acres
of land in the heart of Regina.
The areas involved include approximately 33 acres which is the current
CP Rail yards, and approximately 20 acres which includes Mosaic Stadium
at Taylor Field.
A small business unit within the City Manager's Office will develop
project plans, engage stakeholders and investors, and manage the work
involved in moving the initiative forward in this initial stage. The
unit will consist of 2-3 staff dedicated to the project and will draw
on expertise from internal City staff as well as consultants and
On April 19th, Mayor Pat Fiacco released a vision for redeveloping the land, which
includes transforming the current Mosaic Stadium site into a mixture of
housing, commercial and retail opportunities, and development of the CP
land to include a new multi-purpose entertainment centre, as well as
commercial and retail space.
"This project will be by far the biggest inner-city re-development
initiative in Regina's history," Mayor Pat Fiacco said. "Turning the
vision into reality is complex, but it will pay huge dividends for our
As part of the next steps, the initiative will be staged into three
Phase one involves further defining objectives and governance for the
Phase two includes detailed planning for both the CP Rail and Mosaic
sites, and planning for the new entertainment centre. It also includes
securing funding through private sector investment and public sector
Phase three includes construction of the entertainment centre and
development of the property surrounding the facility, as well as
residential and commercial development on the Mosaic site.
"This model allows the project to proceed more quickly," City Manager
Glen Davies said. "In the future, as we get closer to implementing the
plan, we will look at establishing a separate corporate entity to take
over the planning and management of the project."
Since the vision was released, the City has initiated discussions
regarding purchase of the CP land, and has engaged the firms of
Deloitte and Dialog to provide expertise in finance, planning and
The City Manager will report back to Council in August, 2011 with a
detailed project plan. Over the next year, a secondary plan will be
developed that will describe how the land will be used, what amenities
such as parks and green space will be included, and identify required
infrastructure such as streets and sidewalks.
Planning and implementing a project of this magnitude is a long and
complex process. The entertainment centre is a top priority and is
being treated as a project within the larger initiative. A proposed
timeline would see site preparation and construction on the
entertainment facility beginning in late 2012, with completion by the
end of 2015. Development of the remaining CP land would begin in 2013.
Development of the current Mosaic site would begin in 2016.
While the City is currently leading the initiative, informal
partnerships with the Province, the Saskatchewan Roughriders and the
Saskatchewan Sports Hall of Fame continue to exist. A budget of
$500,000 has been requested to fund the work to start the plan. The
Provincial Government has agreed to cover half of the request.
SOURCE City of Regina
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