Financial Details
David Asper's original proposal involved both Federal and Provincial financial contributions ($40 Million each), as well as a transfer of assets (the publicly owned Blue Bomber franchise itself will be transferred into Asper's control, and the existing undeveloped commercial real estate surrounding the stadium). As part of Creswin's commitment to the project, Asper pledged to contribute $65 Million toward the Maroons Road development. In addition to stadium construction, the Asper proposal included 217,000 sq ft (20,200 m2) of retail development and a two level parking facility.
However, Asper and Creswin were removed from the deal as they made significant changes to the stadium design which broke the original contract agreement. The total will now come to $190 million with the Winnipeg Blue Bombers paying back $85 million and the provincial and city levels of government splitting the rest of the costs as proposed earlier.
Read more about this topic: Investors Group Field
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