Shaun Semple, Brandt CEO, lands 90-year lease at REAL for a $12M sports bar and music venue, aiming to revitalize Regina’s exhibition grounds.
Prominent Businessman Takes Over Regina Venue
Shaun Semple, CEO of the Brandt Group of Companies and one of Saskatchewan’s most recognized business leaders, has secured a 90-year lease at Regina’s exhibition grounds. The deal, approved by city council on Tuesday evening, paves the way for Semple to transform the former YQR Distillery space into a premium sports bar and music venue.
City Council Approves Long-Term Lease Amid Debate
The Regina Exhibition Association Limited (REAL) board presented the lease agreement to city council, which passed it in an 8-3 vote. The lease, notably longer than REAL’s own agreement with the city, drew concerns from several councillors about its unprecedented length and the rushed approval process. Despite calls for amendments to shorten the lease and increase rent rates, the original terms stood after direct negotiations with Semple, who insisted on honoring the deal as negotiated.
A Strategic Move for REAL’s Financial Future
REAL’s board chair, Jamie Boldt, described the agreement as a crucial step to ensure the organization’s financial stability. With YQR Distillery owing nearly $500,000 in unpaid rent and little progress made on developing the site, Semple’s company—102207241 Saskatchewan Ltd.—was seen as a solution to avoid lengthy litigation and vacancy. “It’s an anchor and a real opportunity that we are excited about and it is not a favour,” Boldt told council.
Plans for a New Entertainment Destination
Semple’s vision includes a $12 million investment to convert the 42,000-square-foot building into a 200-seat restaurant and bar, an expanded Regina Pats store, and a 500-capacity music venue. The project is expected to create over 100 jobs, with the potential for up to 200 positions as operations ramp up. Semple likened the venue to Saskatchewan’s answer to the House of Blues, aiming to make it a hub for sports fans and local artists alike.
Lease Terms and Business Impact
Under the agreement, Semple will pay $21 million in rent over the initial 50 years, with two 20-year renewal options. The lease prohibits the opening of competing sports bars or pubs on the REAL campus and grants exclusive rights for alcohol wholesale and distribution. Notably, Semple is not responsible for the back rent owed by YQR Distillery. The project is anticipated to partially open by September, according to REAL officials.
Organizational Changes at REAL
In a parallel move to streamline operations and improve financial health, REAL confirmed the layoff of seven senior staff members earlier this week. Board chair Boldt described the restructuring as necessary for the organization’s future, with a new CEO expected to be announced soon.
As Regina’s exhibition grounds prepare for a major transformation, city officials and business leaders are betting on Semple’s ambitious project to become a catalyst for economic growth and community engagement in the district.
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