A memorandum of understanding for a new stadium for Regina is headed as is to Regina’s city council for approval.

It was approved unanimously by members of the executive committee at a public meeting at City Hall on Wednesday.

The MOU was signed on Saturday by the City of Regina, the Saskatchewan government and the Saskatchewan Roughriders. City council will vote on it Monday night at its meeting.

Several people turned out for the executive committee meeting.

Greg Hanwell is a business owner in the downtown.  He's concerned about the lack of public consultation.

Another concern is building the stadium at Evraz Place rather than what is currently the CP rail yard.

"This feels a little bit like a bait and switch. This is what we got excited about and now they're talking about Evraz," said Hanwell.

"It just doesn't have the same opportunity to transform Regina. It's just going to be another big building.

Hanwell questions what this will mean for downtown Regina.

"I'm skeptical about the economic impact this will have," said Hanwell.

"Great new home for the Riders. I'll love watching the games there. I'll have a lot of fun there, I'm sure, but I'm not sure if it really multiplies, if it has the same multiplying effects as a downtown stadium."

Only one woman spoke to the property tax increase that comes with a new stadium in Regina, but her statements didn’t not lead to any discussion.

Over 30 years, the City of Regina will generate $300 million through a 0.45 per cent increase on property taxes each year for ten years.

On the agenda for the meeting were two reports. The first report is regarding approval of the memorandum of understanding between the province, the City of Regina and the Saskatchewan Roughriders Football Club. The second report outlines a communications plans for the initiative.

Edited by CJME's Adriana Christianson and Karen Brownlee