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The province is writing off another $82-million loan for Investors Group Field, arguing it’s not realistic to expect the football stadium’s owners could ever repay it.

Premier Brian Pallister and Finance Minister Scott Fielding told reporters Wednesday that Triple B Stadium Inc., which owns the stadium and includes the Winnipeg Blue Bombers, was originally expected to pay off the loan between 2014 and 2058.

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But Manitoba’s Progressive Conservative government has since determined that it’s not reasonable to expect that repayment, especially since the Bombers are now slated to also face $4 million in annual interest costs, plus building maintenance fees.

“We have determined there is no reasonable expectation of collecting this money,” said Pallister.

The province previously wrote off the $118.7-million first phase of the loan, which was originally expected to be paid back through tax-increment financing from development at the former stadium’s Polo Park site. Instead, development stalled and the revenue fell short.