Committee to review budget amendment for U-17 bid
MEDICINE HAT, AB — Public service committee members will meet on Monday to discuss the 2018 World U-17 Hockey Challenge budget amendment.
Staff are recommending that council approve an operating grant of $125,000 and act as a guarantor for the event for the amount of $1,200,000, ‘which would only be relied upon if the event revenues do not offset the expenses to host the tournament’ stated the report.
The grant would be provided to the Host Committee if the bid is successful.
The report also states the estimated economic benefit for the community to be between $4,000,000 and $6,000,000.