Monday, April 17, 2006

$2.5 Million in Fundraising Required

The April 6 Beacon Herald editorial on the St Marys Arena Expansion said that St Marys residents 'will no doubt be asked to contribute to local fundraising efforts'.

There is no doubt - the amount cited in Deloitte and Touche's Financing Strategy is $2.5 million.

What is in doubt is who is going to do this fundraising and how they will raise the money. In the 2 years this project has actively been discussed no service club or other organization has come forward to volunteer for this role. The fundraising commitment by year is

Year20072008200920102011
Amount$265,000$265,000$265,000$265,000$265,000


Year20122013201420152016
Amount$215,000$215,000$125,000$125,000$125,000

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