Regina in Saskatchewan, Canada, will soon get an extreme makeover of 53 acres of prime property in the heart of the city, which encompass the CP (Canadian Pacific) container yard lands (32.91 acres) on Dewdney Avenue and city-owned lands of Mosaic Stadium at Taylor Field (20.14 acres).
The new vision of the City of Regina for this extreme makeover is known as Regina Revitalization.
Regina Revitalization is feasible due to the following two facts:
- CP Rail will be moving their Dewdney Avenue container yards to the Global Transportation Hub (GTH), on the city’s west side, in the year ahead.
- And the nearly century old Mosaic Stadium is well past its life cycle and is in need of millions of dollars of capital upgrades.
Henceforth, Regina Revitalization will happen in two phases:
1. First phase – the CP lands development would include:
- investment in retail, commercial, and condo development;
- a new entertainment facility that would be the home for arts, culture, entertainment, trade as well as amateur and professional sport; and
- improvement of the connectivity between the warehouse district and downtown core.
2. Second phase – the Mosaic Stadium property re-development would include:
- development of approximately 20 acres for almost 700 new residential units of various types; and
- the development of more than 100,000 square feet of commercial space as well.
The City of Regina announced on April 19, 2011, that the first step of Regina Revitalization is the creation of Regina Revitalization Inc. which will be the corporation responsible for every aspect of carrying this vision forward.
Stay tuned for further details regarding Regina Revitalization – to be released in the coming weeks.