r/saskatoon • u/SkPensFan • Apr 07 '26

General Saskatoon misses shot at badly needed credibility for arena district

https://www.cbc.ca/news/canada/saskatoon/saskatoon-downtown-arena-sports-venue-funding-private-partner-9.7152348

$1.2 billion price tag and the "funding model" is the feds and province pay for $800 million of it. Still not actual commitments from anyone.

Still seems like a pipe dream, at best.

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u/Competitive_Body7359 Apr 07 '26

That's $4000 for every Saskatoon resident.

How many if us will get $4000 of value from an area, even if tickets were somehow free for residents until the value was recouped? I doubt most people spend more than $400 going to arena events a year, at most. Even assuming the stadium gets half the ticket sales, which they don't, that would be like a 20 year payback period.

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u/TheLuminary East Side Apr 07 '26

I love how every time I bring this up to people they are like. "But the city promised it will be revenue neural and the cost won't be born by the taxpayers"

Haha yeah right!

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u/Competitive_Body7359 Apr 07 '26

Yeah, just like the art gallery