Farmer's Market gets federal cash, city eyeing investing in stocks

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ICYMI: Farmer's Market gets federal cash, city eyeing investing in stocks

The years’ long quest to “animate” the Farmer’s Market building in Riversdale appears to have an end in sight. The committee endorsed a plan by city staff to take a $750,000 grant offered by the federal government to help with renovations to the structure, meant to set it up for Ideas Inc. to operate there.

In March coun. Bev Dubois asked city staff to push out a report detailing design standards for current and future washrooms, making clear the city’s role in mandating washroom designs in facilities controlled by statutory boards like the SPL, or controlled corporations, such as SaskTel Centre.Article content

While the city might have more input for a building it owns – such as the downtown arena – the new library will be wholly owned by the SPL, which is a separate legal entity from the city. As such, the City of Saskatoon doesn’t get to direct how it builds its washrooms.The City of Saskatoon is currently restricted to investing only in bonds. In recent years, the portfolio has begun underperforming compared to inflation.

 

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