million arts development facing scrutiny at city hall
The city is being asked for a little more than $16.7 million $15 million in direct funding plus land and support for the demolition of Centennial Hall. The feds and province will be asked for $30 million and those involved will do fundrais omega watches ing.
But, as the wraps came off, the gloves came off too, and councillors made it clear they want what Coun. Paul Hubert termed “a robust business plan” before lending their support.
The project c omega watches ould mean the transformation of the arts in London.
Tearing down Centennial Hall would be key to making way for a concert venue dubbed the Celebration Centre by 2017. The Grand Theatre would be expanded, a huge hotel and condo development with two towers at Wellington Street and Princess Avenue would be built, and more.
It is, to put it mildly, a big deal.
So, those involved lined up to speak Monday at city hall.
There was Scott Ritchie, partner in the Siskinds law firm and representative of the partnership behind the plans, followed by people from Budweiser Gardens operator Glo omega watches bal Spectr omega watches um, construction company EllisDon, The Grand, lead developer York Developments, and Music London, the new body that will own Celebration Centre, if it’s built.
All spoke enthusiastically about grasping the big chance, which they said will give the city a 9.9 per cent return on its investment in 10 years. They promised more than 1,200 construction jobs, more than 100 permanent jobs, tax income and world class entertainment.