Aldermen debate paying cash for Event Centre

Another $15 million of Medicine Hat’s Community Capital Reserve Fund should be earmarked for the construction of a large spectator arena, the City’s Corporate Service Committee recommended on Wednesday.

The final approval rests with city council, and while the item is simply an accounting matter – no funds are being spent, or removed from their interest-bearing accounts – the overall issue of how the final cost of an Event Centre will be paid and the City’s debt situation was raised in the committee meeting.

Read more: