The adoption of bill 204 by Quebec’s provincial legislature has paved the way for Quebecor Media Inc. and the City of Quebec to validate the company's management contract for a proposed $400 million NHL arena. Quebecor signed a 25-year management and naming rights deal with the city in March in the hopes of attracting an NHL team to Quebec City. The stadium is figuring into Quebecor's aim for the broadcast rights, and possibly an ownership stake, in a new NHL team in the city. Although the NHL is not promising any teams for the city, Pierre Karl Peladeau, Quebecor’s president and CEO, said in a release that because of the passage of the new law, the company is now “well positioned” to reach its goal. “We now have all the necessary tools to reach the objective we set out to bring the Nordiques back to Quebec City,” he stated. “The population of Quebec City and all hockey fans can count on our unwavering determination in our ongoing representations to the National Hockey League.” The Nordiques last played in Quebec City in 1995. The arena is also expected to bring opportunities for Quebecor’s new TVA Sports channel and Videotron Ltée.’s mobile offerings. Quebecor said in March that a new arena is planned for the end of 2015.