Saskatoon city council to discuss revenue streams to fund new arena

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Saskatoon city council to discuss revenue streams to fund new arena
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A report will be discussed at Saskatoon governance and priorities committee Wednesday around possible revenue streams for the entertainment district.

options supporting the development of the project, potentially raising as much as $21 million annually.

revenue options including an accommodations tax, facility fee, tax-increment financing, vehicle rental tax and parking fee adjustments.Saskatoon business representative suggests cutting city workforce best approach to budget balancing An additional one-per cent tax increase would generate $1.6 million annually, a two-per cent increase would raise that to $3.1 million, and a three-per cent increase would bring in $4.7 million annually.

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