City of Saskatoon Standing Policy Committee on Finance Agenda 2026-06-10
City Considers $1M Loan to TCU Place for Theatre Sound System
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Description
The City of Saskatoon is considering providing TCU Place with a $1 million, 10-year internal loan at a fixed rate for procurement and installation of a new theatre sound system. The proposed loan preserves TCU Place’s liquidity while updating critical audio infrastructure.
Contract Details
Contract Amount
$1,000,000
Vendor
TCU PLACE
Agency
City of Saskatoon, Canada
Contract Type
EQUIPMENT
Document Date
June 10, 2026
Contract Term
10 years (anticipated July 2026–July 2036)
Renewal Date
2036-07-31
Renewal Info
No automatic renewal; 10-year term. Prior major loan (2006) fully repaid; prior line of credit repaid by 2024.
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