Fredericton's future performing arts centre takes big step forward, expected cost goes up
After 10 years of studies and discussions, a new performing arts centre in Fredericton’s downtown is closer to reality.
In a presentation to city council Monday night, it was revealed the provincial and federal governments were willing to reallocate funding so that the centre can get underway.
However, the decision also comes at an increased cost.
The current Playhouse facility has been “living on borrowed time” since 2012, according to the presentation. The city had trouble getting commitments on funding, particularly from the provincial government.
In 2019, the cost estimate of a new performing arts centre was just over $45 million.
Two years later, inflation has increased construction costs by eight per cent, and while there’s no change to the scope of the design, it’s now estimated to cost $58.3 million.
And the longer it’s delayed, the more expensive it’s expected to be.
Which is why, in a meeting between federal, provincial and city officials, it was agreed that funding can be reallocated to ensure the centre can get underway.
Through the Canada-Community Building Fund, just over $41 million is being earmarked for the centre. The city is borrowing $14 million, and the Town of Oromocto will be contributing $100,000.
The rest - $3 million – the city is hoping to raise through community donations. The goal is that construction begins in fall of 2023.
“It’s been a long road. It’s been a frustrating road, at times, but I think we’re on the other side. I think a big shout out has to go to the governments that are allowing us to take funds and be flexible with those to get us to where we need to go… it’s an exciting day,” said councillor Bruce Grandy.
Two potential sites are being considered, with work underway at one – the corner of King and Regent Streets – to see if it’s viable.
The new 71,000 square-foot centre is poised to have two theatres -- an 850-seat multipurpose theatre and 300-seat flexible theatre.
Fredericton Mayor Kate Rogers said it took “sheer tencity” to ensure the project didn’t become forgotten.
“It will keep Fredericton on the map… it’s a big development project and it’s worth its weight in gold,” councillor Eric Megarity said.
CTVNews.ca Top Stories
Pedestrian, baby injured after stroller struck and dragged by vehicle in Squamish, B.C.
Police say a baby and a pedestrian suffered non-life-threatening injuries after a vehicle struck a baby stroller and dragged it for two blocks before stopping in Squamish, B.C.
Senate expenses climbed to $7.2 million in 2023, up nearly 30%
Senators in Canada claimed $7.2 million in expenses in 2023, a nearly 30 per cent increase over the previous year.
Demonstrators kicked out of Ontario legislature for disruption after failed keffiyeh vote
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
Government agrees to US$138.7M settlement over FBI's botching of Larry Nassar assault allegations
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
Man wanted in connection with deadly shooting in Toronto tops list of most wanted fugitives in Canada
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Pro-Palestinian protests roiling U.S. colleges escalate with arrests, new encampments and closures
The student protests of Israel's war with Hamas that have been creating friction at U.S. universities escalated Tuesday as new encampments sprouted and some colleges encouraged students to stay home and learn online, after dozens of arrests across the country.