The city's executive committee voted Wednesday to recommend council spend up to $2.5 million to begin the procurement process for the complex.
The recommendation includes a call for a partnership with a firm to design, build and finance the $250-million facility, which would eliminate some of the financial risk for the city.
Maintenance and operation of the 33,000-seat stadium would be carried out by Regina Exhibition Association Ltd., which has experience operating the city's Brandt Centre and Co-operators Centre.
The complex is the first phase of what is expected to be a long-term inner-city revitalization project that will cost at least $1 billion and include the construction of 700 housing units. (CJME)