Why is the VCEC expanding?
After 15 highly successful years of operation, our business has
outgrown our facilities! VCEC is now turning away an average of
53 events per year, worth almost $150 million in direct delegate
spending, for lack of space or available dates. With many events
growing in size, and many other convention centres expanding in
response, the VCEC is falling behind in the market.
Where will the expansion
The expansion will be built on a site immediately west of the existing
centre and directly linked to the facilities at Canada Place.
What size will it be?
Current specifications call for a facility with a gross area of
1.2 million square feet, including both function and support spaces
along with parking, retail and loading areas. An additional 359,000
square feet of function space will be added to the existing 133,000
square feet for a combined total of 492,000 square feet of meeting,
exhibition, ballroom and plenary theatre space.
What special features will
The combined facility will offer:
- 230,900 square foot and 91,000 square foot clear-span exhibition
- 92,100 square feet of break-out meeting rooms
- 46,000 square foot and 17,000 square foot ballrooms, and
- a 15,000 square foot signature room with waterfront views
The layout stresses flexibility, and the ability to accommodate
multiple simultaneous events, each with their own separate access
and function spaces.
What will it cost?
The project is being developed within a project estimate of $495
$405 million of the project costs will be shared between the Federal
and Provincial governments. The balance of $90 million will be paid
by a contribution from local industry.
What benefits will it create?
The project is projected to generate additional delegate spending
of $229 million per year, which will it turn create an additional
$76 million per year in tax revenues. Construction employment is
estimated at 6700 person - years with 7500 permanent jobs resulting
once the expansion is complete.
Along with the economic benefits will come the new investment,
trade, educational and professional development opportunities that
result from an increased number of national and international events.
What stage is the project
The Federal and Provincial governments have confirmed their commitments
to the project as of December 2002. A program is now underway to
complete the final design and select a builder to carry out construction.
The project is scheduled for completion by 2008.