Quebec City Announces Plans for Arena

Filed under: NHL Economics, Sports Business and Media

One of the major obstacles on the NHL's road back to Quebec City was removed on Thursday with the announcement of a funding agreement for a new NHL-style arena.

Quebec City Mayor Mayor Regis Labeaume and Quebec Premier Jean Charest told a crowded news conference that the project will go ahead with a 50-50 funding arrangement between the province and city, up to a maximum of $400 million.

Charest said the Canadian government and the private sector would be welcomed investors but their absence from the funding agreement does not mean the project will not proceed.

The provincial capital played host to the Quebec Nordiques from 1972-1995 when the team relocated to Denver and became the Colorado Avalanche.

 

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Source: http://nhl.fanhouse.com/2011/02/10/quebec-city-announces-plans-for-arena/

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