The Manitoba government is writing off the second of two loan segments that helped finance a new stadium for the Winnipeg Blue Bombers of the Canadian Football League. The province has already written off another $118-million loan portion that helped get the stadium built in 2013. Premier Brian Pallister says there is no reasonable chance that the Bombers and others in the consortium that owns Investors Group Field can repay the $82 million. Pallister accused the former NDP government of arranging the loan agreement knowing it would have no chance of success. Pallister said the Bombers may continue to make some payments, but the payments are not expected to be large enough to pay back the principal of the loan.

Source: CBC News September 26, 2018 18:47 UTC