McGuinty Government Invests In New Niagara Convention Centre
$35-Million Investment Will Boost Tourism, Create Jobs, Strengthen Economy
Premier Dalton McGuinty announced today that his government will provide $35 million in funding to the City of Niagara Falls to help build a new convention centre that will attract tourists and create jobs.
"I want to thank the people of Niagara Falls for working hard to build a tourism industry that attracts visitors from all over the world," said Premier McGuinty. "A new convention centre will bring even more tourists to the region and build opportunity for businesses and families."
The government will provide $17.5 million in 2006-07 and an additional $17.5 million in 2007-08 to support the city's plans to build a 230,000 square foot conference and convention centre. The centre will be built using environmentally friendly materials and will be water and energy efficient.
"Niagara Falls' vibrant tourism industry strengthens our economy and benefits families right across Ontario," said Minister of Tourism Jim Bradley. "By supporting the construction of this new convention centre, we are helping to make the region a true, year-round destination."
"The new convention centre will be a jewel in Niagara's attractions crown. This is a great day for the people of this community," said Niagara Falls MPP Kim Craitor. "This funding shows that the McGuinty government is committed to strengthening Niagara's tourism industry and improving the quality of life of hardworking families."
Investing in a new convention centre in Niagara is just one way the McGuinty government is working on the side of families and businesses to strengthen Ontario's tourism industry.
Other initiatives include:
- Investing $12.5 million in 2006-07 to support the Toronto International Film Festival
- Proposing to extend the retail sales tax exemption for Destination Marketing Fees to June 30, 2008
- Committing an additional $2 million annually to the St. Lawrence Parks Commission to support tourism and preserve heritage sites.
"Attracting visitors to our province means that more people will discover why Ontario is the best place in the world to live, work and do business," said Premier McGuinty. "We're going to continue to work with industry partners and municipalities to make sure Ontario remains a top tourist destination for years to come."