Sounds like the province of Manitoba is coming through! Lookin forward to the press conference tomorrow. Hope it;s not an early April Fools joke!
LIVE: Stadium press conference[url=http://www.winnipegfreepress.com/local/breakingnews/LIVE-Stadium-press-conference-89559832.html]http://www.winnipegfreepress.com/local/ ... 59832.html[/url]
30/03/2010 6:19 PM
[i]WINNIPEG - Join the Winnipeg Free Press live at 10 a.m. Wednesday for a press conference confirming a new deal that will see a new football stadium rise at the University of Manitoba.
The province late Tuesday called the at Canad Inns Stadium to confirm its plan to allow the new football stadium to be built before David Asper’s Creswin Properties assembles the upscale mall it originally needed to fund the project.
The Selinger government, the City of Winnipeg, the Winnipeg Football Club and Creswin have reached a deal that will see the province financing to kickstart a $135 million stadium and U of M recreation project that has been delayed due to Creswin’s inability to secure tenants at The Elms, a shopping mall planned for the current site of Canad Inns Stadium.
The new deal would see the province reduce its commitment, in exchange for providing the financing necessary to build the stadium before The Elms get up and running. The city would act as insurance, should Creswin fail to assemble the retail project.[/i]