On Air

Province gives Keystone Centre 2.9 million dollars

04.03.2019 15:04
By: Brad Gordon

Money will retire the Centre's debts and mortgage

Brandon, MB (CKLQ) - Manitoba Premier Brian Pallister took time out from enjoying play at the Brier, to announce funding for the Keystone Centre.

The province's investment will retire all of the Keystone Centre's current debt, including its mortgage.  That will free up roughly 300-thousand-dollars a year in the facilities' budget for capital improvements.

Pallister said, "Our investment will place the centre on a solid footing to develop a sustainability plan that addresses its long-term needs."

Brandon Mayor Rick Chrest was on hand for the announcement.  He points to the partnership between the City and Province in the Centre as an example of positive collaboration between the two levels of government.

On top of the funding announcement, the province has endorred an external review of the Centre.  The report, done by MNP in 2016, recommended a new governance model, giving the board of directors more authority to make decisions.

The Keystone Centre is one of Westman's biggest economic catalysts, bringing an estimated $62 million in annual economic activity to the City.