Swift Current City Council officially voted on Friday to proceed with the 50/50 split with the Swift Current Broncos for the cost of the new video score clock at the Innovation Credit Union iPlex.

Though the 50-50 split had been discussed and known for a while, the City's report stated "a formal agreement needs to be entered into with the Bronco Hockey Club".

READ: New Score Clock Inbound for iPlex

The agreement is set to last from March 10, 2020 to March 9, 2035 - a 15-year period that serves as the estimated lifespan of the video score clock.

The purchase price of the scoreboard is $286,809.50. Adding in the cost of the lexan - the protective material lining the screens - the total investment sits at $290,519.50.

That puts the 50-50 split at $145,259.75 apiece. The report notes the Broncos will be paying for their share upfront.

The video score clock serves as a capital project in the 'Partnership in Prosperity' Agreement between the City and Broncos - an agreement signed back in September, 2012.

The upgraded scoreboard has already notably been used for the Western Canada Summer Games, the CCA Finals Rodeo, World Under-17 Hockey Challenge, and entirety of the 2019-20 WHL season.