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Funding TECT Arena at Baypark.

Total project cost - $41 million.

  • $25M capped ratepayer contribution. A small portion of everyone’s rates (about $21 per year, decreasing over time) will contribute to this for approximately 25 years. 
     
  • $7M sub-regional development contributions. 
     
  • $9M external source:
             Lion Foundation: grant of $750,000
             Lotteries Grants Board: grant of $300,000
             TECT: grant of up to $8million

Last Reviewed: 08/03/2012