Latest news with #ReginaExhibitionAssociationLimited
Yahoo
04-06-2025
- Business
- Yahoo
Seven senior leadership positions eliminated at REAL in 'restructuring'
Regina Exhibition Association Limited (REAL) has eliminated several upper management roles as part of an ongoing effort to update how it operates as an arms-length municipal entity. The organization operates the REAL sports complex and exhibition grounds for the City of Regina. Seven senior-level positions were terminated on Monday as part of a 'reorganization and restructuring,' REAL board chair Jaime Boldt confirmed on Tuesday. The eliminated roles were not provided. 'We recognize that this impacted people's lives,' she told media. 'I really want to stress that was important to us, and it wasn't done without careful consideration and support of the board.' Boldt said the layoffs were the next step in REAL's ongoing internal work to review its governance model and become financially stability, as directed by city council last June. 'That's what we did. That, in turn, led us to a point where we needed to take a really hard look at the structure,' Boldt said. 'Yesterday (Monday) was not easy for many, many people and we appreciate that. But this is a business decision, and we believe it's the right thing for REAL.' She said the positions have been rolled into a new management structure that aims 'to create efficiencies and be more financially responsible in the operations of REAL.' City council's directive for internal changes was the culmination of months of critical attention on REAL. That followed a failed tourism campaign that drew international attention for its 'sexist' undertones. The organization later revealed it has been running deficits since 2021. REAL has also been granted $15.4 million in funding top-ups from the city to cover its deficits in the last two years. City administration is separately exploring its own report on the future of the corporation. That includes assessing the risks to the city as REAL's sole stakeholder if the organization were to dissolve. During a special city council meeting Tuesday, Boldt noted an announcement is coming next week about REAL's efforts to hire a new president and CEO. lkurz@ REAL to stay, new board and financial plan to come this fall REAL's new interim CEO pulls 'inappropriate' comment from consulting website The Regina Leader-Post has created an Afternoon Headlines newsletter that can be delivered daily to your inbox so you are up to date with the most vital news of the day. Click here to subscribe. With some online platforms blocking access to the journalism upon which you depend, our website is your destination for up-to-the-minute news, so make sure to bookmark and sign up for our newsletters so we can keep you informed. Click here to subscribe.
CBC
14-02-2025
- Business
- CBC
Mayor Chad Bachynski uses 1st state of the city address to pitch Regina to people in larger cities
Social Sharing Regina Mayor Chad Bachynski used his first state of the city speech to pitch Regina as the perfect place for people disillusioned with life in bigger cities. "Residents here enjoy more free time compared to those in cities like Toronto, Vancouver or Halifax, spending less time commuting and more time doing what they love," he told a room full of people at the Conexus Arts Centre on Thursday. "That's why we're encouraging residents in those larger cities to break up with their cities and move to Regina." Bachynski said the city is launching a new advertising campaign to help push that message. The City of Regina and Economic Development Regina have already created a new website — — to draw potential residents to Saskatchewan's capital city. "We all know how great Regina is and the opportunities that are here, and now we have a great opportunity to showcase that to other cities and attract people to come see it for themselves," Bachynski said. It was a hot election issue. Now Regina city councillors are examining REAL's future 8 hours ago Duration 3:41 Regina Mayor Chad Bachynski was on the Morning Edition on Feb. 13, 2025, to discuss the previous night's city council meeting, touching on proposed tax increases and how Regina will assess the future of Regina Exhibition Association Limited. Economic Development Regina is also launching The Regina 25, a program meant to highlight 25 people who "dare to grow, inspire, and lay the foundation for our city's future" "One of the greatest things about Regina is always its people," said Chris Lane, CEO of Economic Development Regina. Nominations are already open and winners will be recognized in April. Challenges ahead: Bachynski Thursday marked three months since Bachynski was elected in an election that also brought eight other new members to city council. Many of those new councillors were in attendance Thursday as Bachynski highlighted the problems he heard while on the campaign trail and what he hoped to do about them. That includes getting "creative" to address inflation while grappling with a proposed mill rate increase of 8.5 per cent and utility rate increase of 5.8 per cent in this year's budget. For the average homeowner, that works out to an increase of $27 a month or $320 a year. "There will no doubt be tough decisions to make and difficult conversations to have as we juggle a number of priorities and ensure that taxpayers feel they are getting value for their dollars," Bachynski said. The new mayor confirmed he is working with city administration to explore expediting construction projects and expanding the hours when construction is allowed to happen at night — a commitment he made while campaigning for mayor. "There are budget and safety implications to consider, but we are moving forward on this," he said.
