Key Terms of the Arena Partnership
SaskatoonNews has obtained a copy of the arena deal between the City of Saskatoon and Muskeg Lake Cree Nation. The agreement outlines a 50-50 revenue sharing model for events held at the new downtown arena, with Muskeg Lake Cree Nation holding a 25% ownership stake. The deal also grants the First Nation naming rights for a portion of the venue, according to the document.
Financial and Operational Details
The 30-year agreement includes provisions for joint management of concessions and parking revenues. The city will contribute $120 million upfront, while Muskeg Lake Cree Nation will invest $40 million. Annual operating costs are estimated at $15 million, with profits split equally after expenses. The deal also includes a clause for renegotiation every five years.
Community and Economic Impact
Mayor Cynthia Block stated, "This partnership sets a new standard for reconciliation and economic development in our city." Muskeg Lake Cree Nation Chief John Cote added, "This is about creating opportunities for our youth and building a legacy." The arena is expected to create 1,200 construction jobs and 400 permanent positions once operational.
Next Steps
The deal requires final approval from both city council and the Muskeg Lake Cree Nation council, with votes expected in August 2026. Construction is slated to begin in spring 2027, with a projected opening in fall 2029.
