Moncton City Council have revised their Joint Venture Agreement with the Université de Moncton on the management, operation and capital costs of the Medavie Stadium.
The City and the University have agreed to split the costs, 50-50.
This includes all operating expenses, including over-expenditures, capital and continued investments and management of the facility.
The city says the change will prompt a more equitable long-term partnership between the two parties.
