Bracebridge Applies For Federal & Provincial Funding For New Arena & Library Complex
The Town of Bracebridge has submitted an application for funding for the development of a new multi-use community centre including an arena and library complex on Wednesday.
The funding application, containing over $49.1 million in eligible project expenses, includes a request for $36 million from upper levels of government.
If the application is successful, the Town could receive $19.6 million from the federal government and $16.4 million from the provincial government. The Town would then be responsible for the remaining $13.1 million, plus all ineligible project costs. The Town’s submission contained almost 1,700 pages of information related to the project for consideration by the provincial and federal governments.