|March 27, 2002|
Vancouver Convention Centre Task Force Delighted That Land Secured
|The Vancouver Convention Centre Expansion Task Force is delighted that the Province and Marathon have entered into an agreement to secure the site of the expansion of the existing Vancouver Convention and Exhibition Centre. "We congratulate the Province and Marathon for taking this important step toward the realisation of expansion of the Vancouver Convention and Exhibition Centre ("VCEC"). We appreciate the leadership that Rick Thorpe and the Province are taking at this time. This sends a huge message to those who will be responding to the Province's RFP. Graeme Stamp and Marathon are demonstrating their continued commitment to this important infrastructure project by allowing the land to be secured at no cost to the Province through in to next year.|
"We are very encouraged by the steps taken recently by the Provincial Government, the Federal Government and the City of Vancouver in support of expansion", said Peter Armstrong, Chair of the Task Force. Formed in 1999, the Task Force is composed of four founding members: PavCo, Tourism Vancouver, The Vancouver Board of Trade and the Vancouver Hotel Association. The industry-led Task Force has invested over two years and $2.5 million dollars in the project development.
The Task Force has garnered the unprecedented support of almost 100 organizations throughout British Columbia as part of its Stakeholders Council, including Council of Forest Industries, Northern British Columbia Tourism Association, British Columbia & Yukon Territory Building & Construction Trades Council and the Campbell River and District Chamber of Commerce.
Expansion of the VCEC will cost no more than $495 million and will generate more than $1.5 billion in economic benefits to industry and governments and provide 6,700 full-time jobs during construction and 7,500 full-time jobs during operations. The expansion of the convention centre will be on the Burrard Landing site and will be integrated with the existing VCEC.