The $500m being discussed isnt just for the arena. It is for multiple venues. The article above is incorrect.
The project will see the firm modernize and conduct significant renovations to such buildings as FirstOntario Centre (formerly Copps Coliseum), FirstOntario Concert Hall and the Hamilton Convention Centre. It also calls for a significant investment in the Art Gallery of Hamilton, as well as new residential, affordable housing, office and retail space development. The total value of the project is approximately $500 million.
https://link2build.ca/news/articles/2020/july/hamilton-oks-500m-redevelopment-plan/
https://www.cbc.ca/amp/1.6059106
https://www.cbc.ca/amp/1.5653371
The investment in the arena will be $100m minimum but perhaps more.
HUPEG is seeking to partner with OVG for the redevelopment of FirstOntario Centre and FirstOntario Concert Hall, whereby OVG will increase the minimum investment of HUPEG’s original $50 Million to a minimum of $100 Million for the redevelopment of the FirstOntario Centre, and will bring its considerable financial and more importantly market clout to the renovation and operation of the renovated facilities.”
https://www.insauga.com/oak-view-group-l...-put-50m-into-hamilton-arena-renovation/
Threaded Mode