From Niagara This Week:
Described as a critical piece of the pie in terms of attracting people to Niagara, the gleaming new Scotiabank Convention Centre opened in Niagara Falls on Friday to much fanfare.
Years in the making, the new centre across from the old Loretto Academy attracted hundreds of people to the opening celebration.
It’s expected the $100-million building, which received federal and provincial funding as well as funding from local business improvement areas and the private sector, will become an institution that generations of people will use for graduation ceremonies, proms, weddings, and business meetings.
It’s also expected that the convention centre will have a huge economic impact: it’s already created 70 full-time and 210 part-time jobs, and it’s projected that it will generate $83 million worth of new visitor expenditures in the region annually.
If those projections hold true, it will practically pay for itself in a little over a year.