http://www.winnipegsun.com/2017/04/2...-river-college
Red River College’s Exchange District campus is poised to expand and, to do so, the school will launch into what it calls the largest fundraising campaign in its 80-year history.
RRC officials, along with federal Natural Resources Minister Jim Carr, Education Minister Ian Wishart and Mayor Brian Bowman announced plans Thursday for a bold expansion in the heart of the downtown campus, the $95.4-million Innovation Centre.
The development, a four-storey, 100,000 sq. ft., facility along the so-called Innovation Alley, figures to entertain 1,200 new students in the area of innovation, start-ups and entrepreneurship.
“It’s a teaching centre primarily, but the difference is start-up companies will come in with their business opportunities and challenges, and they’ll be turned into assignments for students,” RRC president Paul Vogt said. “The students will learn by doing and they’ll learn from the leading-edge opportunities that are being faced in the sector.”
Vogt said the college has been looking into the need for such a facility for a couple of years through its business IT department and said “the demand is enormous.”
The demand is such that the college is entering into a fundraising campaign to raise $54.8 million on its own to go towards the final tab.
The federal government is kicking in $40.6 million, while the province backs the college with a loan guarantee up to $54.8 million, a funding model Wishart said is unique.
“What we’re really doing is standing there with the post-secondary as they go to the door of industry, not only to arrange the financing, but also in terms of the fundraising process,” Wishart said. “It’s a very strong message to industry that, yes, Red River is an important player. The industry has a long history of working with them in terms of getting the right training that they needed, now as a government we’re standing there with Red River saying ‘Yes, we’re supportive … and we’re here with them.’”
Carr said he was “very impressed” with the province’s guarantee.
“It’s important for the college, but also for downtown Winnipeg,” Carr said. “It’s a tangible way that the government of Canada can make significant investments in innovation at a college that is increasingly developing a national and an international reputation for excellence.”
The facility will be located on Elgin Avenue, west of Princess Street and will attach to the current Scott Fruit Warehouse, a 103-year-old heritage building that Vogt said “will be preserved in its entirety.”
Vogt said the hope is to have it completed by 2019 with shovels in the ground in the next 12 months.
dlarkins@postmedia.com