Close X
Monday, February 17, 2025
ADVT 
National

PQ leader Peladeau says public funds not needed for Quebecor's NHL bid

Darpan News Desk The Canadian Press, 27 Aug, 2015 12:03 PM
    RIMOUSKI, Que. — It is not necessary to spend taxpayer money on bringing an NHL team back to Quebec City, Parti Quebecois Leader and controlling shareholder of Quebecor Inc., Pierre Karl Peladeau, said Wednesday.
     
    The Caisse de depot et placement du Quebec, the province's pension fund manager, however, could invest in a future team, said Peladeau, whose company officially submitted a bid in July for an NHL expansion franchise.
     
    "If the Caisse is asked and it considers that it could be a good thing, then it'll be up to the fund's managers to decide," Peladeau told reporters in Rimouski, Que. "It's not me who will make the decision."
     
    Quebecor manages and owns the naming rights for Quebec City's new, publicly funded 18,259-seat Videotron Arena.
     
    Las Vegas and Quebec City were the only expansion applicants to have their bids accepted by the NHL earlier this year. Both advanced to the third formal stage to land NHL expansion franchises.
     
    The NHL isn't expected to expand until 2017-18 at the earliest.
     
    Peladeau added Wednesday that the investment fund tied to the province's largest labour federation could also be a potential investor in bringing back an NHL team.
     
    A Quebecor spokesman confirmed Wednesday the company hasn't solicited the Quebec government for help in financing a future team.
     
    "We have had no discussion with government representatives regarding the NHL expansion process," said Martin Tremblay.
     
    Tremblay added Quebecor hasn't contacted any private firms for financing, either.
     
    "Quebecor is the only promoter in the application for NHL candidacy," he said.

    MORE National ARTICLES

    Campus Food Bank Use Is Rising Along With Tuition, Costs: Students Group

    Campus Food Bank Use Is Rising Along With Tuition, Costs: Students Group
    The Canadian Federation of Students says a new campus food bank at Saint Mary's University in Halifax is part of a disturbing trend.

    Campus Food Bank Use Is Rising Along With Tuition, Costs: Students Group

    Ian Begg's Death Suspicious, Probed As Homicide: Prince George RCMP

    Ian Begg's Death Suspicious, Probed As Homicide: Prince George RCMP
    Prince George RCMP say an officer found the body of 35-year-old Ian Begg south of the city on Sunday morning.

    Ian Begg's Death Suspicious, Probed As Homicide: Prince George RCMP

    Convicted Wife-Killer Traigo Andretti Admits To Murder Of Second Woman In Manitoba 9 Years Ago

    Convicted Wife-Killer Traigo Andretti Admits To Murder Of Second Woman In Manitoba 9 Years Ago
    Traigo Andretti, who is representing himself, pleaded guilty to second-degree murder in the death of Myrna Letandre as her family members wept in a Winnipeg court.

    Convicted Wife-Killer Traigo Andretti Admits To Murder Of Second Woman In Manitoba 9 Years Ago

    Japanese Man Visits British Columbia To Reunite With Boat Lost In 2011 Tsunami

    Japanese Man Visits British Columbia To Reunite With Boat Lost In 2011 Tsunami
    Kou Sasaki arrived in Vancouver on Monday and later this week will be heading to the coastal village of Klemtu, where his vessel washed up in the spring of 2013.

    Japanese Man Visits British Columbia To Reunite With Boat Lost In 2011 Tsunami

    Stiff Penalty Demanded For Kamloops Dentist Bobby Rishiraj Who Left Patient With Brain Damage

    Stiff Penalty Demanded For Kamloops Dentist Bobby Rishiraj Who Left Patient With Brain Damage
    The patient, identified only as HZ, was deeply sedated in November 2012 while having her wisdom teeth removed, even though Dr. Bobby Rishiraj had not been approved to perform such a procedure.

    Stiff Penalty Demanded For Kamloops Dentist Bobby Rishiraj Who Left Patient With Brain Damage

    Calgary Man Accused Of Using Shell Companies To Defraud Employer Of Millions

    Calgary Man Accused Of Using Shell Companies To Defraud Employer Of Millions
    CALGARY — The co-founder of an Alberta oil and gas company has been accused of defrauding the firm of nearly $5 million.

    Calgary Man Accused Of Using Shell Companies To Defraud Employer Of Millions