A loan guarantee for Triple B Stadium Inc. was provided by the Province of Manitoba in 2015 for $35.5 million for urgent repairs to Investors Group Field. As of November 2018, a total of $25.5 million has been borrowed by Triple B. The province is refinancing the loan obtained by Triple B Stadium Inc. to shield taxpayers’ from approximately $500,000 in annual interest charges.

Manitoba refinances millions in stadium loans

WINNIPEG — The Province of Manitoba is refinancing a $35.3-million loan obtained by Triple B Stadium Inc. to shield taxpayers’ from approximately $500,000 in annual interest charges when it comes to Investors Group Field. “The actions we are announcing today will reduce the risk to taxpayers,” said Finance Minister Scott Fielding in a statement. “This … Continue reading Manitoba refinances millions in stadium loans

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