Image: The Saskatchewan Roughriders currently plays its games at the Mosaic Stadium at Taylor Field

An agreement between the Saskatchewan government, the City of Regina and Saskatchewan Roughriders has paved the way for a new stadium on Evraz Place lands in Regina, Canada.

It is hoped the CA$278m (US$273m, EUR224m, £176m) facility will be completed for use by the American Football team in early 2017. It will have a capacity of 33,000 spectators.

An CA$80m (US$79m, EUR64m, £51m) government grant over four years will finance the project, along with CA$73m (US$72m, EUR59m, £46m) from the City of Regina.

Saskatchewan Roughriders will head efforts to raise CA$25m (US$25m, EUR20m, £16m), while a further CA$100m (US$98m, EUR81m, £63m) will be provided by the province.

The CA$100m plus interest will be fully repayable over 30 years and will be mainly funded through a facility fee on games and major events held at the new stadium.

Regina mayor Pat Fiacco said: "This funding announcement means the vision to revitalize the heart of Regina is becoming a reality.

"The agreement means this community, and the province, will have a 21st century multi-purpose facility that meets the needs of the community for generations to come."

Planning and design concept work will now get underway, with construction work due to commence next year.

Click here to read the full stadium agreement announcement.

More details: www.gov.sk.ca

Image: Daniel Paquet