World-class entertainment venue planned for Markham

MARKHAM, ON, Nov. 22, 2011 /CNW/ - GTA Sports and Entertainment confirmed today that it is in the process of planning the development of a world-class multi-use venue - GTA Centre.

"After considerable work and discussions, we're looking forward to bringing our official proposal to the Town of Markham in the near future," said W. Graeme Roustan, Chairman and CEO of GTA Sports and Entertainment.

With an expected seating capacity of 20,000, this major development project would respond to the need for a premiere venue to host large community events, concerts and major sporting events. The proposed development is being led by GTA Sports and Entertainment and The Remington Group. Construction could begin in 2012 with a potential opening as early as 2014.

"Beyond the hundreds of jobs it could create while under construction, it would also provide a significant economic boost for the GTA once it's up and running," said Roustan, who has been involved in the development of multi-use venues of different sizes all over the world.

An ideal location for the next major sports, entertainment and cultural facility, GTA Centre will be an entertainment destination for those living and working in the GTA. The venue would be located in the 407 corridor near Kennedy Road, in proximity to the Unionville GO Station, providing easy and direct access to people throughout the Greater Golden Horseshoe.

GTA Centre will provide significant economic, social and cultural benefits. The project, which would cost over $300 million, would have the capacity to host over 100 events annually and would create over a thousand permanent and part-time jobs.

"Markham is recognized as Canada's high tech capital and the most ethnically diverse community in Canada, making it an ideal location for this facility," said Roustan.

SOURCE GTA Sports and Entertainment

For further information:

Stephanie Sayer
Devon Group
ssayer@devongroup.ca
416-500-1656

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GTA Sports and Entertainment

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