Latest News

Winnipeg Free Press - ONLINE EDITION

Blue Bombers ask for delay in paying back bailout loan

By: Bartley Kives

Posted: 12/10/2012 4:24 PM | Comments: 0 | Last Modified: 12/10/2012 4:53 PM | Updates

Canad Inns Stadium

The Winnipeg Football Club has asked the City of Winnipeg for permission to put off paying back what’s left of an old bailout loan until 2017.

In 2005, the city allowed the Winnipeg Blue Bombers to use entertainment-tax revenue to pay off $4.5 million leftover from a bailout originally offered by the Winnipeg Enterprises Corporation, the arm’s-length city agency that used to run Canad Inns Stadium.

According to a report heading to city council on Wednesday, $972,000 remained on the loan as of the end of 2011. The football club has asked to put off repayments until 2017 in order to focus on repaying the province’s $85-million loan to build Investors Group Field at the University of Manitoba.

History

Updated on Monday, December 10, 2012 at 4:28 PM CST: add photo

4:53 PM: update

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Latest News

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.