Private partners considered to manage Saskatoon downtown event centre
It was noted in the meeting that there were many moving parts of this project that need to align with each other before more information could be given.
“Without knowing what potential funding we might get contributed from a private partner that’s a question mark on the funding plan,” Frank said. The report noted that having a private partner would reduce the overall funding required from other sources. “Contracted private management by the partner would also involve annual financial implications, such as revenue sharing, management fees, guaranteed revenue levels, and incentives for high performance that are expected to form part of the contract negotiations with the preferred proponent following the ,” the report read.
“As we gain more information, we can get closer to a decision about whether this project is feasible under the principles that we are gradually laying out here,” Coun. Hilary Gough said.In the end, the committee did go with the final option. As administration now moves forward to get an Owner’s Representative to help with creating procurement documents, the city stressed that additional decisions regarding a governance relationship will need to be finalized as the request for proposal continues.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Increased property taxes and capital cuts to cover Saskatoon’s snow expenses - Saskatoon | Globalnews.caAfter a long debate, the city came to the decision to merge two of the options, cutting back capital spending until 2035, as well implementing a 0.75 per cent property tax levy.
Read more »
Saskatoon sculptor Patricia Leguen marks 40 years of art | Globalnews.caRecently, when Saskatoon was dumped with over 30 cm of snow during the last week of December, she put her skills to use by creating a sculpture of a woman carrying a child.
Read more »
Saskatoon business group accuses Air Canada, WestJet of unfair competition, asks for investigation | Globalnews.caThe Saskatoon Greater Chamber of Commerce has asked the Competition Bureau Canada, a federal watchdog, to investigate Air Canada and WestJet.
Read more »
Private Waterloo clinic to receive funding from Ford government to provide cataract surgeries | Globalnews.caStep 1 of the Ford government's plan was up to $8.5 million in annual funding for private clinics in Windsor, Kitchener-Waterloo and Ottawa to provide cataract surgeries.
Read more »
Expansion of private clinic procedures in Ontario will affect hospital nurse bargaining: union | Globalnews.caPremier Doug Ford announced Monday that the province will fund more procedures such as cataract surgeries, MRI and CT scans and hip and knee surgeries in the community.
Read more »
Trudeau to visit rare earths element processing plant in Saskatoon today | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »