THUNDER BAY – Tony Clement, the federal Minister of Industry and Minister responsible for FedNor, has announced a FedNor investment of $250,000 in support of an economic impact study and business plan for a multi-purpose events centre in the City of Thunder Bay. “Our government, through FedNor, is committed to working with economic development and industry leaders to build strong and sustainable communities in Northern Ontario,” said Clement. “Our support for this project will not only help to secure short- and long-term economic benefit for Thunder Bay, but also provide a lasting legacy for the City.”
“FedNor’s support is enabling the City of Thunder Bay to proceed with our number one legacy project under our five-year strategic capital plan,” stated Keith Hobbs, Mayor of Thunder Bay. “If this study gives us the green light to proceed, we will be able to pursue large sporting events, conventions and trade shows, making the facility a great economic driver for the city.”
The Government of Canada’s contribution will be used to develop a detailed market assessment and an evaluation of various facility mix options for the proposed centre. In addition, the work will include an economic impact study to determine the short and long-term economic benefits of the facility. If the analysis is favourable, the study will include preliminary concept designs for the most viable option.