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Regina Exhibition Association Limited (REAL) is exploring what this new 10,000-seat event centre will look like in the city.
REAL plans to Proposed possible plans for the Regina entertainment district Submitted to the city’s executive committee on Wednesday.
It suggested that the city should use the future replacement of the Brandt Center as a catalyst to create a new medium-sized multipurpose activity center.
“While we don’t have to make a decision about the Brant Center today, we should recognize that at some point we will have to make a decision,” REAL President and CEO Tim Reed said Tuesday.
The feasibility study listed five viable locations for the project, including the REAL District, a rail yard near Dewdney Avenue or three properties in downtown Regina.
This map shows possible locations for five proposed Regina Recreation District plans. (Source: Regina Exhibition Association Limited)
REAL recommends a specific location in downtown Regina, which remains confidential, that it believes is best suited to support the project.
“Based on the unanimous decision of the Arena Planning Strategy Committee (APSC2), downtown location #5, detailed in the final report, has the greatest potential to create an entertainment district and maximize transformational change and economic benefits to the City of Regina,” the report reads. road.
REAL expects the project to cost between $100 million and $120 million to build, with an additional $32.7 million to $33.1 million for land assembly.
Plans to use the new facility factor to add National Hockey League (NLL) and Canadian Elite Basketball League (CEBL) teams in Regina.
The report estimates that the new facility will be used approximately 100 days per year between the Regina Pats, NLL and CEBL teams; as well as concerts and events.
The operating model is expected to generate annual net operating income of $1.8 million, revenue of $10.4 million, and operating costs of $8.5 million.
APSC2 is made up of several Regina stakeholders, including the Warehouse District, the Downtown Business Association, and the Regina and District Chamber of Commerce.
Tony Playter, CEO of the Regina and Area Chamber of Commerce: Said.
The study also suggests repurposing the Brandt Center as a space for recreational or agricultural purposes.
REAL is optimistic that the report will be accepted by the city and used in planning for a possible future replacement of the Brandt Center.
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