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Meridian Donates $5.23 Million To Spectator Facility: The Corporation of The City of St. Catharines

The new name of the downtown, multi-purpose facility was announced Tuesday afternoon. Meridian, Ontario's largest credit union, was given the naming rights in recognition of its $5. Million contribution to the project. Work on the Meridian Centre's steel structure began in August 2013 and will last for several months.

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67 views3 pages

Meridian Donates $5.23 Million To Spectator Facility: The Corporation of The City of St. Catharines

The new name of the downtown, multi-purpose facility was announced Tuesday afternoon. Meridian, Ontario's largest credit union, was given the naming rights in recognition of its $5. Million contribution to the project. Work on the Meridian Centre's steel structure began in August 2013 and will last for several months.

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The Corporation of the City of St.

Catharines
www.stcatharines.ca

News Release

Meridian donates $5.23 million to spectator facility


Sept. 10, 2013 So long, spectator facility. Hello, Meridian Centre. The new name of the downtown, multi-purpose facility was announced Tuesday afternoon at a ceremony attended by Mayor Brian McMullan, members of City Council, City staff, Bill Maurin, acting president and CEO of Meridian, local area Meridian staff and members of the business community. Meridians investment in our new spectator facility demonstrates confidence in Councils long-term vision and the Citys revitalization efforts and future, said Mayor Brian McMullan. We are thankful for the ongoing support of our business community as we continue to see our downtown transform into a place where people can live, work and play. Meridian, Ontarios largest credit union, was given the naming rights in recognition of its $5.23 million contribution to the project, to be paid over the next 25 years. The donation by Meridian means the minimum fundraising goal set by Council will likely be exceeded. Meridian is proud to have our name attached to this project located right here in St. Catharines, which is also home to Meridians head office, said Bill Maurin. We know that the Meridian Centre will attract and create jobs in St. Catharines and help revitalize the downtown core. Once constructed, the Meridian Centre will be enjoyed for generations to come. This commitment builds on Meridians strong legacy of supporting local community causes across the Niagara Region, including a $100,000 donation to create the Meridian Room community lounge inside the Seymour-Hannah Sports and Entertainment Centre. Work on the Meridian Centres steel structure began in August 2013 and will last for several months. In November, pre-cast concrete stairs for the facilitys lower-bowl aisles will arrive, while work on the facilitys pedestrian bridges will start later this year. The Meridian Centre will be fully enclosed early next spring. For information on the Meridian Centre visit meridiancentre.ca.

The Corporation of the City of St. Catharines


www.stcatharines.ca

About Meridian With over 70 years of banking history, Meridian is Ontarios largest credit union, helping to grow the lives of its more than a quarter of a million Members, including over 19,000 business Members. Meridian has $9.9 billion in assets under management and delivers a full range of financial services online, by phone, by mobile and through a network of 64 branches and 7 business centres. Meridian Members also have access to THE EXCHANGE Network, with more than 2,400 no-fee ABMs across Canada and 340,000 ABMs in the United States. For more information, please visit meridiancu.ca. About the Meridian Centre The new downtown multi-purpose facility will be built at 55 McGuire St., formerly known as the lower level parking lot. The facility, with a total project budget of $50 million, will be able to host a range of entertainment and event offerings, including OHL hockey. The Meridian Centre is scheduled to be completed in September 2014.

-30EDITORS NOTE: A complete media kit, including visuals, can be found at: meridiancentre.ca/media.

Contact: Mayor Brian McMullan 905.688.5601 ext. 1540 (office) 905.328.8907 (mobile)

Kendra Michael Manager, Media & Stakeholder Relations Meridian Credit Union 416.597.4444 ext. 2667 (office) 647.216.3669 (mobile) [email protected]

The Corporation of the City of St. Catharines


www.stcatharines.ca

Meridian Centre Fact Sheet


Budget $50 million $44 million paid by the City of St. Catharines. $1 million paid by the Province of Ontario. $5.23 million raised through Meridians sponsorship. Entertainment Capacity of 6,000 for concerts and 4,500 for hockey games. Able to accommodate concerts, conventions, professional wrestling, family shows and spectacles and more. Twenty-year lease agreement signed with the Niagara IceDogs. Operation Scheduled to open September 2014. Located at 55 McGuire St., formerly known as the lower level parking lot. Two pedestrian bridges will connect the Meridian Centre to St. Paul Street. The North Bridge will be located between James and Queen streets and the South Bridge will be located across from William Street. Parking for more than 1,300 vehicles at nearby City parking lots and garages, with most lots and garages located within a 5-minute walk to the Meridian Centre. The Meridian Centre is operated by SMG Canada, with Ken Noakes of SMG Canada appointed general manager of the facility. Construction Contractor: Ball-Rankin Project Manager: CBRE Work began in December 2012. 355 steel piles, weighing more than 850 tonnes, were driven into the ground to create the facilitys foundation. The Canadian Construction Association awarded Ball/Rankin Construction Gold Seal Certification for its work on the project. Gold Seal certification is awarded to construction firms and contractors for outstanding work in project management and construction.

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