In an agreement described as a rarity in the agriculture sector, the Regina Exhibition Association Limited and Canadian western Agribition were able to sign a long-term contract.
The two sides have signed a 10 year agreement, worth $750 Million in economic impact, providing some security for the annual show.
Regina Exhibition Association President and CEO Tim Reid says it just made sense to have a long term agreement done.
“I think anytime you have a partner in your building that has been here for almost 50 years, you have to get a long term deal done,” Reid said. “It speaks to the relationship value, it speaks to the fact that really you have synergies that you need to celebrate, so it was an important priority.”
Mayor Michael Fougere said it’s good to have some stability for the next decade.
“This has been a long time coming, and the thought had been to have a longer term relationship formalized for a while, but this new building (International Trade Centre) has really laid the ground work to show the commitment of the City of Regina, the province of Saskatchewan and the Government of Canada to provide the best possible venue for this.”
Agribition CEO Chris Lane said it hasn’t always been a guarantee the show was coming to Regina.
“We would negotiate and figure out our operating agreement on a year-to-year basis, and sometimes that got quite late in the year before we really knew what the terms of running Agribition were going to be here, so when Tim (Reid) said that I was looking for stability, that was right.”
The 48th edition of Agribition starts November 19th at Evraz Place.