The facility would have the capacity to host conventions, trade shows and concerts. The study will consider the economic impact of the proposed facility, identify public and private sector partnership opportunities, as well as determine capital funding requirements, annual operating costs and revenue sources.
“Downtown revitalization projects are proven economic drivers for Northern Ontario communities,” said Minister for FedNor Tony Clement in the news release. “The Harper Government is proud to invest in a project that will help Sudbury harness the economic potential of its downtown core.”
“We are very pleased that the Government of Canada is investing to enhance the economic sustainability of our community,” said Carmen Simmons, executive director of the Sudbury Community Foundation. “A multi-purpose convention centre located in downtown Sudbury would be of great benefit to our residents and businesses.”
The funding is provided through FedNor’s Northern Ontario Development Program, which supports projects that strengthen community economic development, enhance business development and growth, and facilitate innovation throughout the region.