The Winnipeg Convention Centre will now be known as the RBC Convention Centre Winnipeg, thanks to a naming rights partnership agreement between the Convention Centre and RBC Royal Bank. As construction begins on the empty parking lot on York Avenue, this recent announcement is another chapter in the over $180+million expansion and renovation project.
“Manitoba continues to solidify its presence as an important economic and cultural centre through facilities such as the RBC Convention Centre Winnipeg which brings local, national and international visitors to our Province,” said Manitoba Premier Greg Selinger. “The expansion of the Convention Centre is another long-term important step to supporting the renewed energy that is revitalizing downtown Winnipeg; helping Winnipeg and all of Manitoba thrive. This project will ensure Winnipeg’s economy remains strong and attract events that will benefit Manitobans in the years to come.”
“Today, work begins to modernize one of Winnipeg’s downtown landmarks,” said MP for Winnipeg South Centre, Joyce Bateman. “Our Government is proud to invest in this project which will create local jobs and contribute to the local economy. I am also glad to see the new RBC Convention Centre Winnipeg receiving important private sector financial support through today’s partnership announcement.”
Funding for this project was announced on June 25, 2012. Its total cost is estimated to be over $181 million. Federal funding for this project comes from the Building Canada Fund – Major Infrastructure Component, under which the Government of Canada is setting aside up to one-third of total eligible costs, to a maximum federal contribution of $46,646,667. The Province of Manitoba and City of Winnipeg are each contributing up to $51 million. The balance of funding will come from new incremental property tax revenues from an integrated hotel and commercial development adjacent to the RBC Convention Centre Winnipeg, as well as additional revenue generated by the RBC Convention Centre Winnipeg.