The City of Saskatoon and Muskeg Lake Cree Nation have signed a memorandum of understanding to begin discussions on a potential partnership for the Downtown Event and Entertainment District (DEED). The signing ceremony took place on Monday at TCU Place, marking the start of formal talks between the two parties.
Chief sees opportunity for generational wealth
Muskeg Lake Cree Nation Chief Kelly Wolfe expressed optimism about the DEED project, viewing it as a chance to create “generational wealth” for the First Nation and the city. Wolfe emphasized the importance of an equal partnership where decisions are made collaboratively.
“We too have risk. We too have members who may not understand and may show concerns,” Wolfe said, acknowledging internal skepticism within his community. He added that fear of the unknown exists but that courage comes from facing it. “In a way it gives us fuel, because we want to show people and maybe prove them wrong.”
Background on the DEED project
The DEED project, which has been discussed for years, envisions a new downtown arena and entertainment district in Saskatoon. In March, city council voted down a private partnership agreement with U.S.-based Oak View Group (OVG), which operates numerous venues globally. The new MOU with Muskeg Lake Cree Nation opens a different path forward.
According to Wolfe, Muskeg Lake Cree Nation has a net worth exceeding $100 million, with at least $80 million in capital investments. The First Nation is looking to leverage its financial strength for the long-term potential of the DEED.
Government support and next steps
Saskatchewan Party MLA Ken Cheveldayoff indicated provincial interest in the project, noting that the province was a partner in Regina’s Mosaic Stadium and that similar support could be expected for the DEED. “Provincial investment in these facilities has been in the neighbourhood of 30 per cent,” he said, referencing projects in North Battleford and Swift Current. He also welcomed federal participation.
Wolfe noted that the federal government could support the project as a lending partner, among other avenues. “We’re going to do our best to capitalize on all of those,” he said.
Mayor Cynthia Block stated that it is too early to know what federal commitment might look like. The city is required to report back on the discussions at least once every two months, with more frequent updates possible if developments occur. There are no specific timelines for the DEED project or the talks.
