In April, 2009 a deal confirming funding to build a new stadium on the campus of the University of Manitoba was agreed to by all parties involved: the City of Winnipeg, the provincial and federal governments and David Asper. After some delays, in March, 2010 the province agreed to provide $90 million in bridge financing to David Asper to allow stadium construction to begin May 20, 2010 and completion targeted for March 1, 2012. By Dec., 2010 the deal with Asper had fallen apart and the provincial government reworked the deal with the community owned Bombers to pay for $85 million of the cost over 40 years. The old Canad Inns Stadium will be razed to make way for retail development. In 2018, the provincial Conservative government chose to write off the stadium loan after the interest-free period expired and the projected extra $4 million/year in interest costs led the government to the conclusion there was no “reasonable chance” the consortium could repay the loan based on their current revenues.
Delays first pushed the opening of the stadium to June 2012, then construction shutdowns due to weather have pushed the completion date into the season and required the Blue Bombers to start making alternative plans. Officials have not wavered on providing an update on the schedule no sooner than May 1st, but media reports of the mayor’s comments in late April indicated the stadium wouldn’t open until September.
In June 2012, the Blue Bombers announced they would not move into the new stadium until the 2013 season.
In December, 2011 it was announced that the Investors Group had entered into a 12-year agreement to name the new stadium Investors Group Field.
The new Investors Group Field made its official opening on Wed. June 12th when the Blue Bombers hosted the Toronto Argonauts in front of 28,642 spectators. Its regular season debut occurred on Thurs. June 27th when the Bombers opened the 2013 CFL season against the Montreal Alouettes.
Link Dec 2012: Add $10 Million to Cost of Investors Group Stadium
Article July 2012: One Good Stadium Story Deserves Another
Link June 2012: Investors Group Field Will Open in 2013
Article June 2012: Stadium Training Camp
Article May 2012: Stadium Update
Article Mar 2012: Stadium Highs, Stadium Lows
Link Feb 2012: Bombers Bounced Back to Canad Inns
Link Jan 2012: Delays Affect Investors Group Field Opening
Article Oct 2011: Progress Being Made on Stadiums
Link Aug 2011: Is the Bomber Stadium Big Enough
Article Dec 2010: 2010 Stadium Wrap
Link Dec 2010: Asper Officially Out of Winnipeg Stadium Deal
Link Nov 2010: Winnipeg Stadium Partners Revisited
Link Nov 2010: Winnipeg Stadium Price Tag Climbs to $160 Million
Article Nov 2010: Cross Canada Stadium Round Up
Link Aug 2010: Winnipeg Stadium Cuts Raises Opposition
Link Aug 2010: Which Winnipeg Stadium Gets Built?
Link May 2010: Winnipeg Breaks New Stadium Ground
Link May 2010: Manitoba Stadium Loan Predicated on Lie
Link Apr 2009: Winnipeg Moves Closer to New Stadium
Link Sep 2008: Details of Asper’s UofM Stadium Proposal
Link Jun 2008: Winnipeg Adjusting Stadium Plan