The City of Peterborough says it was not selected to receive government funding for a new arena and aquatic complex.
On Friday, the city said its application for provincial and federal funding to help build a new arena was “not successful.” The city had submitted an application through the current round of the community, culture and recreation funding stream of the Investing in Canada Infrastructure Program.
The city says the available $1-billion funding stream was “highly competitive” since there were upwards of $10 billion in requests from across Canada. The city was hoping for about $37 million in government funding for the more than $50-million arena.
“City staff are currently reviewing the project and considering next step scenarios for city council’s consideration in the coming weeks,” stated chief administrative officer Sandra Clancy.
The city’s twin-pad arena is proposed on a 13-acre site at Fleming College in the west end near the Peterborough Sports and Wellness Centre and Bowers Park.
Initially, the arena was proposed on land near Trent University in the north end, however, in October 2019, city council approved relocating the project to Fleming due to environmental concerns related to a wetland at Trent University. The proposal was the subject of several protests by student and Indigenous groups.
The cost of the project is estimated at $53.5 million for Phase 1. No cost estimate was provided for additional phases which would include an Olympic-sized swimming pool and a third ice pad.
- What is a halal mortgage? How interest-free home financing works in Canada
- Capital gains changes are ‘really fair,’ Freeland says, as doctors cry foul
- Budget 2024 failed to spark ‘political reboot’ for Liberals, polling suggests
- Tesla’s net income drops 55% in first quarter amid falling global sales
The city says a provincial review of the project did not receive approval to be nominated for federal review and approval.
“Projects that were nominated to the federal government for review and approval were those that most closely aligned with the provincial assessment criteria and federal requirements,” the province stated in a message to the city. “The provincial assessment criteria included reviewing projects based on, community need, community support, lack of similar services accessible nearby, operational/financial capacity, value for money, asset management planning, whether projects were open to the public and efficiencies through joint projects.”
The city earlier this year decommissioned Northcrest Arena in the city’s north end.
“The new facility will replace the loss of the Northcrest single pad and also increase community access to ice with an additional pad,” the city stated.
–More to come
Comments