Football club approves its end of stadium plan

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The Winnipeg Football Club’s board of directors has approved its end of a $190-million plan to build a new home for the Winnipeg Blue Bombers at the University of Manitoba.

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Hey there, time traveller!
This article was published 13/12/2010 (4258 days ago), so information in it may no longer be current.

The Winnipeg Football Club’s board of directors has approved its end of a $190-million plan to build a new home for the Winnipeg Blue Bombers at the University of Manitoba.

 The board voted tonight to agree to a deal that will see the non-profit club responsible to pay back the province $85 million over the next 40 years. The club feels this is possible, given new revenue streams that will be available at a new facility.

 “The football club feels this is a positive move for the organization on and off the field, and for its loyal fans,” club spokesman Darren Cameron said in a statement. “Furthermore, the transaction has been structured to ensure continued viability of the team, allowing it to sustain and develop for the future under all circumstances. We look forward to playing in a new state of the art facility in 2012.”

The vote means two final hurdles remain in the way of the deal: A Tuesday night vote by executive committee of the University of Manitoba’s board of governors, and a Wednesday city council vote.

 The province has agreed to the plan.

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