From the Niagara Falls Review:
The provincial government’s contribution to the Niagara Convention and Civic Centre is not jeopardized by Wednesday’s announcement Ontario will run a deficit this year, says Mayor Ted Salci.
“We’re funded for the convention centre … The money the province committed is in the bank,” Salci said in an interview about how a provincial government deficit might affect municipalities.
One of the biggest provincially funded projects underway in Niagara Falls is the $100-million convention centre to be built on Stanley Avenue. Ontario kicked in $35 million -or one-third -of the estimated cost to build the convention centre.
The province announced its share of the money in its 2007 budget. In an unusual move, provincial officials made two payments of $17.5 million each directly to the city of Niagara Falls before the project began. That money has been sitting in the city’s bank account.
“We’ve already given the money. We’re done,” Niagara Falls MPP Kim Craitor said.
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Tags: civic centre, Convention Centre, kim craitor, stanley ave
