Capital Pointe, Evraz Place cover last meeting of 2020 for Regina s city council | 620 CKRM The Source 620ckrm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 620ckrm.com Daily Mail and Mail on Sunday newspapers.
REGINA Regina City Council will meet for the final time in 2020 on Wednesday, to discuss a possible McDonalds at Evraz Place, and the former Capital Pointe project site. Council is set to decide whether to allow REAL to take on more debt and provide it with a yearly cash injection. A proposal from REAL said the pandemic has caused unexpected debts. City administration estimated REAL will need a grant of $700,000 per year to maintain operations and pay the debt. Council will also vote on whether to grant a 40 year lease to McDonald’s at Evraz Place. A group called Smith Street Lands Ltd. that includes lawyer Tony Merchant is asking for a partial property tax reduction on the old Capital Pointe project site at 1971 Albert St. In return, The Smith Street group proposes to pay $2,259,173.50 to cover the cost to backfill the site and the two to there years of property tax arrears. The group adds it plans to develop the site as soon as possible. The proposal said the site