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Quebec City to announce arena plans

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Old
02-10-2011, 10:34 AM
  #1
McSorleyStick
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Quebec City to announce arena plans

Premier Jean Charest and Quebec City Mayor Régis Labeaume are expected to announce plans Thursday for a new arena to be built in Quebec City.

A press conference will be held at 11:45 a.m. at Quebec City's Colisée Pepsi, the 62-year-old arena the new facility would replace.

The new arena, which many Quebec City residents hope will attract an NHL franchise, is expected to be bankrolled almost entirely by public funds.

The province and the city are expected to announce they will split the bulk of the $400 million cost, reports say.

Ottawa has turned down requests to help fund the project, although a report Wednesday suggested the Conservative government has considered allowing a portion of gas tax revenues be used for large entertainment centres.

If almost all of the funding for the arena comes from within the province, however, it would leave the Tories out of a project located in an area where they hold six seats.
More than 60,000 people rallied on the Plains of Abraham in October 2010 in support of a new NHL team for Quebec City.More than 60,000 people rallied on the Plains of Abraham in October 2010 in support of a new NHL team for Quebec City. (Jacques Boissinot/Canadian Press)

Polls suggest Conservative support in the Quebec City area could shrink if the government refuses to help fund the arena.

Although Quebec Conservative MPs support federal funding for the project, other Tory MPs have expressed concerns that even if taxpayers spend hundreds of millions on a new Quebec City arena, the NHL may not agree to put a franchise there.

Meanwhile, the project does have some private sector support. Pierre Karl Péladeau, the president and CEO of Quebecor, is said to be offering tens of millions of dollars for the project.

The Quebec capital has been without an NHL team since 1995, when the Quebec Nordiques left for Denver to become the Colorado Avalanche.

Read more: http://www.cbc.ca/politics/story/201...#ixzz1DZQwOJza

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02-10-2011, 11:03 AM
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Didn't Edmonton have to get funding outside of the government for their arena and they actually have a team?

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02-10-2011, 11:12 AM
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The only winners in this are Quebec city Hockey fans, Labeaume and PK Peladeau (with his shareholders)...

The rest loses.

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02-10-2011, 11:21 AM
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I don't think Habs fans will lose with this. If they can recreate just a portion of the rivalry that was once, everyone in the province will win.

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02-10-2011, 11:36 AM
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Personally, i think it will take away alot of the media's pressure for the habs. Imagine our Canadiens playing with less on their minds and not worrying about the front page.

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02-10-2011, 11:38 AM
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400 people are in le Colisé right now.

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02-10-2011, 11:54 AM
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Jean Charest: (rough translation)

[...] The provincial capital is doing very good during the financial crisis and it has transformed itself into a leader and it has become a motor for the province.

[...] The city of Quebec and the gouvernment of Quebec have concluded to split the cost 50% / 50% and up to a total of 400 million.

[...] This is to be completed for 2015 and you are invited.

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02-10-2011, 12:01 PM
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Cool. The Remparts can have a new arena.

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02-10-2011, 12:01 PM
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Quote:
Originally Posted by NHLcrazy View Post
The only winners in this are Quebec city Hockey fans, Labeaume and PK Peladeau (with his shareholders)...

The rest loses.
That arena will bring extra revenues to the province.
I don't see why we would lose anything.

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02-10-2011, 12:03 PM
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Quote:
Originally Posted by NHLcrazy View Post
The only winners in this are Quebec city Hockey fans, Labeaume and PK Peladeau (with his shareholders)...

The rest loses.
Not really.

Im glad to have a chance at hating the Diques.

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02-10-2011, 12:12 PM
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Régis Labeaume: (rough translation)

[...] 16 oct 2009 I had annonced that we would have an arenas. Today, we deliver.

[...] The longer we wait, the more it will cost.

[...] We (the city) are going to finance 187 million and start the construction in the next few months.

[...] The city is negociationg with private comagnies is the sale of the name of the arena, the food places, etc but the offers which are interresting are related to a hockey team. (because of the return on investments)

[...] We will annonce to Gary Bettman that we are building an arena. (making room for the private to get a team)

[...] He opens the door the the federal government to invest, if they change their minds.

[...] The taxes that the government will receive in the event of a NHL team in Quebec will easily compensate the investment cost of the arena.

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02-10-2011, 12:24 PM
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Régis Labeaume:

[...] On top of investing in an arena, we are also annoncing a plan of reducing the financing. We are going to cut on expense (and interest) of 24 million a year. With our plan, we are paying major amounts in cash, in order to avoid paying interest.

[...] We are doing audits in every sector and admin process in order to cut cost and the city revenues go up 4% every year.



Jean Charest:

[...] If we take a step back and we ask ourselve, is it normal for a city like Quebec to not have an arena... the choice becomes less ambiguous.

[...] I am still dreaming of winter games in Quebec and the arena is part of that process.

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02-10-2011, 12:27 PM
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Régis Labeaume:

[...] We have to do it now because all the factors are here (except the federal). I think that the chance to get a team is right now open and it will be closed in a few months up to a year.

[...] Thus, we can't wait and need to start right now.

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02-10-2011, 12:28 PM
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So has any of the funding been announced? are they using the green tax? Are we all going to have to pay more for gas? How is anything in Quebec City good for Quebec/Montreal, etc...

Didn't Montreal, Edmonton, build, upgrade arena's with private cash?

Where were they for the Expos?

The Bruins put me in a lousy mood today!

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02-10-2011, 12:34 PM
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Originally Posted by Habs23 View Post
So has any of the funding been announce, are the using the green tax? Are we all going to have to pay more for gas? How is anything in Quebec City good for Quebec/Montreal, etc...

Didn't Montreal, Edmonton, build, upgrade arena's with private cash?

Where were they for the Expos?

The Bruins put me in a lousy mood today!
It is funded with the growth or revenues (4% per year), the management of the current loans (paying off loans to save on interests) and the cuts in administration. Régis Labeaume gave the example that "les arrondissements ne partagaient pas les équipements". He didn't go into much more details and if I recall correctlly, only that part of the plan will save 20-25 million a year but Jean Charest did say that the plan was extremely well constructed and well though out.

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02-10-2011, 01:11 PM
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Sweet, props to Charest. For once he does something right

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02-10-2011, 01:16 PM
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Originally Posted by sukimono View Post
Sweet, props to Charest. For once he does something right
Thanks to US, the Quebec tax-payers !

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02-10-2011, 01:21 PM
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Can't believe no private money will be involve in the project, wow that's sad.

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02-10-2011, 01:29 PM
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1) Bad move. Government shouldn't be funding Arena's.
2) no nhl team, bettman just said they don't plan to expand.
3) Hamilton built a NHL arena (copps coliseum) 30 years ago, but never got there team.
4) Still pissed they moved this same thread last night.

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02-10-2011, 01:47 PM
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Nedved
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That arena will bring extra revenues to the province.
I don't see why we would lose anything.
your roads lose. And when you need more money for that, the government will give it to you because Harper loves to put the people in debt. You lose 200 million. That's how much, if there was true opportunity for gain you wouldn't be paying for it. Only big business gains, while you foot the bill and your province suffers.

Quebec City doesn't even have a NHL team yet, if there was money to be had here, the private sector should be paying it. Why should there be public investment for something when it only benefits the private sector? does it make sense to you that you're paying for a building, where a guy will make millions off of it, yet you see none of it except the paying for the bill?

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02-10-2011, 01:48 PM
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http://www.globalmontreal.com/Quebec...656/story.html

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02-10-2011, 02:08 PM
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I don't really understand why a gov't wouldn't put money towards this. The income tax generated by an NHL organization would more than cover the money contributed in less than a decade. Pretty good investment, if you ask me. Obviously, this doesn't apply to pre-existing teams, but in a case like Quebec, where new jobs will be created, I don't see why the Federal gov't can't contribute 200 million, as the 60+ million in players salaries alone will net them around 20 mil a year, and that's just the players. Coaching team, management team, support staff, arena staff, construction workers... Will all be paying income tax to the Canadian and Quebec governments.

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02-10-2011, 02:15 PM
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Nedved
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wow. no federal funding, and now it's on the provincial liberals. Lots of misleading and lying going on around this topic, the outrage yesterday about federal funding is quickly gone. Yet, no change to plans? Does the province of Quebec understand there's an economic crisis out there?

sucks for the people of Quebec, as they shouldn't pay for it. 400 million in taxpayer money, good luck with that people of Quebec. you're screwed.

Jim Vinny. "I don't really understand why a gov't wouldn't put money towards this. The income tax generated by an NHL organization would more than cover the money contributed in less than a decade. Pretty good investment, if you ask me. Obviously, this doesn't apply to pre-existing teams, but in a case like Quebec, where new jobs will be created, I don't see why the Federal gov't can't contribute 200 million, as the 60+ million in players salaries alone will net them around 20 mil a year, and that's just the players. Coaching team, management team, support staff, arena staff, construction workers... Will all be paying income tax to the Canadian and Quebec governments."


you understand you don't see a penny? nothing comes back to the people. you don't own the team, your just building a Arena. you just foot the bill so you can pay to watch things in your new arena.


Last edited by Nedved: 02-10-2011 at 02:22 PM.
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02-10-2011, 02:29 PM
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What a joke this will end up blowing up in their faces. No private funding in a province that is in major debt and has so many other priorities. So stupid.

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02-10-2011, 02:43 PM
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Quote:
Originally Posted by JIMVINNY View Post
I don't really understand why a gov't wouldn't put money towards this. The income tax generated by an NHL organization would more than cover the money contributed in less than a decade. Pretty good investment, if you ask me. Obviously, this doesn't apply to pre-existing teams, but in a case like Quebec, where new jobs will be created, I don't see why the Federal gov't can't contribute 200 million, as the 60+ million in players salaries alone will net them around 20 mil a year, and that's just the players. Coaching team, management team, support staff, arena staff, construction workers... Will all be paying income tax to the Canadian and Quebec governments.
Monsieur Drapeau?

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