Canada, Ontario and Toronto announce the signing of a contribution agreement for the construction of the National Soccer Stadium at Exhibition Place
City on target to host FIFA Men's U-20 World Cup in 2007
TORONTO, July 4 /CNW Telbec/ - Today the governments of Canada and
Ontario and the City of Toronto officially announced the signing of a
contribution agreement for the construction of a new 20,000-seat soccer
stadium at Exhibition Place. The stadium will help to stage the Fédération
Internationale de Football Association (FIFA) Men's Under-20 World Cup -
Canada 2007, expected to be the largest single-sport event ever held in
Canada.
The Honourable Jim Flaherty, Minister of Finance and Minister Responsible
for the Greater Toronto Area, the Honourable Michael Chong, President of the
Privy Council, Minister of Intergovernmental Affairs and Minister for Sport,
Ontario Health Promotion Minister, Jim Watson, Ontario Public Infrastructure
Renewal Minister David Caplan, together with Toronto Mayor David Miller and
Deputy Mayor Joe Pantalone, Chair of the Board of Governors for Exhibition
Place confirmed a joint funding package of up to $62.8 million. Minister Chong
attended the event on behalf of the Honourable Lawrence Cannon, Minister of
Transport, Infrastructure and Communities. Parliamentary Assistant Peter
Fonseca attended the event on behalf of Ontario Health Promotion Minister Jim
Watson.
The Government of Canada is committing up to $27 million, the Government
of Ontario is committing up to $8 million and the City of Toronto is
committing $9.8 million. The City has also reached an agreement with Maple
Leaf Sports and Entertainment Ltd. (MLSEL), which will be committing
$18 million ($8 million for the management rights and $10 million to secure
the naming rights for the stadium). The stadium will be owned by the City of
Toronto and be managed by MLSEL.
"This new stadium will make a positive contribution to the economy here
in Toronto and the GTA", said Minister Flaherty. "It is a nice complement to a
tax credit of up to $500 in eligible fees for sport and physical activity
programs. Introduced in Budget 2006, this credit can be claimed for each child
under the age of 16."
"This new facility will not only enable Toronto to host world-class
events, such as the FIFA Men's Under-20 World Cup in 2007, it will also
provide local community groups and soccer leagues with a new venue for
recreation," said Minister Chong.
"The new stadium will provide Ontarians with year-round access to a
world-class facility and further opportunities for athlete development," said
Minister Watson. "It will also help promote increased physical activity and
sports participation, especially among youth and create a legacy of public
investment for healthy, active lives."
"Ontario's really getting into the game with this new soccer stadium,"
said Minister Caplan. "Right now, World Cup is drawing the attention of young
soccer players around the globe. That's why the McGuinty government is on the
side of these young athletes who will be playing for their own cup in this new
modern sports facility next year."
"The City of Toronto is focused on making Toronto's waterfront more
vibrant and welcoming by building on and enhancing our public spaces for the
enjoyment of all Torontonians," said Mayor David Miller. "I'm pleased that the
addition of the National Soccer Stadium to the Exhibition Place grounds is
another step in realizing our vision."
"Exhibition Place is one of the most celebrated landmarks in Toronto,
welcoming millions of visitors each year to participate in renowned events and
celebrations," said Deputy Mayor Joe Pantalone. "The National Soccer Stadium
will be another opportunity for us to host Toronto residents and visitors for
spectacular events and experiences."
The facility will be a regular home for the Toronto FC, a new Major
League soccer team as well as a gathering point for thousands of players in
the Greater Toronto Area, and will have an air-filled bubble roof erected over
the playing surface during the winter months, guaranteeing community use
throughout the year.
The Government of Canada's contribution comes from the Canada Strategic
Infrastructure Fund, which supports large-scale projects of major national and
regional significance, in areas that are vital to sustaining economic growth
and supporting an enhanced quality of life for Canadians.
The Government of Canada's 2006 Federal Budget committed an unprecedented
$16.5 billion over the next four years for infrastructure investments,
including an additional $2 billion for the Canada Strategic Infrastructure
Fund.
Under ReNew Ontario, the province, together with its partners, is
investing more than $30 billion over five years to revitalize, modernize and
expand public infrastructure. The Government has made significant progress in
the first year of the plan with major investments in Ontario's healthcare
facilities, schools, colleges and universities, transportation and public
transit, and other priority infrastructure projects. Since the release of
ReNew Ontario, in the 2006 Budget, the provincial government announced a new,
$1.2 billion investment in Move Ontario, which will support public transit and
provide funding for municipal roads and bridges.
For further information: Natalie Sarafian, Press Secretary, Office of
Minister Cannon, (613) 991-0700; Adam Grachnik, Office of Minister Watson,
(416) 326-8497; Gary Toft, Director of Communications , Minister for Sport,
(613) 943-1833; Wilson Lee, Ministry of Public Infrastructure Renewal, Office
of Minister Caplan, (416) 325-8735 ; Infrastructure Canada: Communications and
Promotion, (613) 948-1148;
www.infrastructure.gc.ca; Don Wanagas, Director of
Communications, Office of Mayor Miller, (416) 338-7134