The board of directors at Prairieland Park and Living Sky Sports decided to adjourn the project, saying other financial priorities need to be addressed.
stadium in Saskatoon has been halted for the time being, according to the group developing the project.
“The timing just doesn’t seem to be right,” said Prairieland CEO Dan Kemppainen. “There have been a lot of changes since this project started several years ago.”and Living Sky Sports decided to adjourn the project, saying other financial priorities need to be addressed. Kemppainen said this project can’t be completed without capital campaigns, private donations and government funding.
“With ventures of the magnitude, it is important to adjust to constantly changing economic factors,” said Kemppainen. “As we progressed with project plans, we have had to make the decision to attend to other financial priorities.” The new stadium was supposed to be built at Prairieland Park in Saskatoon in place of the Marquis Downs thoroughbred racetrack.The plan was for the facility to hold a prospective CPL at the location some time in 2024.“Interest rates have gone up significantly, certainly inflation has gone up and if you look at other infrastructure projects in the works, construction costs have gone up significantly.
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