Saskatoon City Council approved a $1.2bn DEED funding plan, with 27.5-33% city contribution via a 30-year debt.
Saskatoon City Council approved a $1.2bn funding plan for a downtown event and entertainment district (DEED), with the city covering 27.5-33% of costs through a 30-year debt repayment plan. Funding strategies include public and private contributions, grants, and user fees. The city's part is expected to be raised through tools like surcharge on event tickets and tax increment financing. The remaining two-thirds of the funding will come from federal and provincial governments.
August 28, 2024
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