SBD/Issue 88/Facilities & Venues

PavCo Near Deal To Help Pay For BC Place's New Retractable Roof

PavCo In Midst Of A C$565M Renovation Of
BC Place Stadium Ahead Of Vancouver Games
PavCo Chair David Podmore yesterday said that a deal to "sell off development rights to land on the west side of BC Place Stadium, which will help pay" for the facility's new C$458M retractable roof, "is 'imminent,'" according to Derrick Penner of the VANCOUVER SUN. The deal would be on a "75-year lease and will likely see both residential and commercial development on the site." PavCo, which operates BC Place, is in the midst of a C$565M renovation of the stadium, which includes C$55M in "interior improvements ahead" of next month's Vancouver Games. The new roof is "expected to add about 40 additional days of events per year in BC Place, which is already used 200 to 210 days per year." Construction is scheduled to begin "immediately after the Olympics and Paralympics, and will be complete by July 2011," in time for the Vancouver Whitecaps' first season in MLS (VANCOUVER SUN, 1/20). In Vancouver, Glenda Luymes reports BC Place after the construction will "boast the world's largest cable-supported retractable roof." The entire renovation project "will be financed through a 40-year loan from the provincial government." Podmore yesterday said he is "absolutely satisfied" the loan will be repaid (Vancouver PROVINCE, 1/20).

BRIDGE OVER TROUBLED WATER: BC Place officials yesterday said that a "small flood at BC Place Stadium won't dampen the excitement" of the February 12 Opening Ceremony at the facility. The CP's Jim Morris noted water "poured through [the] stadium's aging roof last week causing a minor flood." But Podmore said, "It's not a concern at all. We had a minor incident. Some water did come through a vent, a couple of hundred gallons. It wasn't much in context of BC Place" (CP, 1/19).

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