Peterborough City Council Gives Final Approval for Financing Framework for Proposed $170M Event Centre Project

Peterborough city council gives final approval for financing framework for proposed $170M event centre project

It is official – Peterborough City Council has given final approval to the financial framework for a proposed new Multi-use Sport and Event Centre, moving forward with plans to replace the aging Peterborough Memorial Centre. Council voted to commit approximately $57 million — roughly one-third of the estimated project cost — toward the proposed facility, while directing staff to pursue outside funding sources for the remaining two-thirds, estima…

Council commits $57 million for proposed downtown event centre to replace Peterborough Memorial Centre

By Bruce Head. Councillors vote 8-3 in favour of city's share of $170-million project amid repeated warnings Petes could leave without a new arena.