07/15/2012 - The Government of Saskatchewan, City of Regina and the Saskatchewan Roughriders signed a Memorandum of Understanding on Saturday for a new stadium that will be constructed on Evraz Place lands in Regina. It is anticipated the new stadium will be ready for use in early 2017. The $278 million required for the stadium will be funded through an $80 million grant provided by the Government of Saskatchewan paid over four years, $73 million through City of Regina funding, and the Saskatchewan Roughriders leading a process to accumulate $25 million. In addition, the province will provide $100 million in financing to the City of Regina. The loan will be fully repayable over a 30 year term, with interest. The $100 million loan would be primarily repaid through a $12 facility fee on games and major events held in the new stadium, ensuring a significant portion of the stadium funding comes from users of the facility, primarily the amazing Rider Nation fans. According to the MOU, the city would support both the capital costs and ongoing maintenance costs of the stadium through a combination of debt, property taxes and allocation of other new or existing revenues as required. Maintenance costs on the facility are expected to be $230 million over 30 years. The MOU still requires Regina City Council approval.