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Province confirms new BC Place roof for 2011

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					                                   NEWS RELEASE
For Immediate Release                                    Ministry of Tourism, Culture and the Arts
2009TCA0010-000520                                                       BC Pavilion Corporation
October 23, 2009

               PROVINCE CONFIRMS NEW BC PLACE ROOF FOR 2011

VANCOUVER – A fixed-priced contract for the construction of a new, retractable roof on
BC Place has been signed between the BC Pavilion Corporation (PavCo) and PCL Constructors
Canada Inc, announced Kevin Krueger, Minister of Tourism Culture and the Arts and David
Podmore, PavCo chair, today.

        As first announced in May 2008, a new retractable roof will be built after the 2010
Olympic and Paralympic Winter Games. The project will be completed by the summer of 2011,
in time for the 2011 Grey Cup. The total capital cost for the retractable roof project will be
$458 million. The final budget for the roof project is based on a competitive bidding process,
including a fixed-price contract for construction with PCL, as well as engineering costs. An
appropriate contingency fund has been allocated.

        “This investment in our future is expected to create 3,000 person years of employment
and ensure British Columbia has a world-class stadium for decades to come,” said Krueger. “A
new retractable roof will allow PavCo to attract a broader range of sporting and entertainment
events, and continue to host the province’s largest consumer shows and cultural events that
benefit Vancouver and our entire province. It will also allow us to provide a revitalized home to
the BC Lions and allow for the establishment of the first season of the Vancouver Whitecaps as a
Major League Soccer franchise in 2011.”

        Once complete, the roof will be the largest cable-supported, fully-retractable, fabric roof
in the world at more than four hectares (10 acres). The design allows for the fabric roof to retract
into the centre of the roof opening and be hidden inside a suspended, four-sided electronic video
board, without compromising sightlines. The roof will be able to open or close within 20
minutes.

         In May 2008 the Province gave the go-ahead for PavCo, the Crown corporation that
operates the stadium, to pursue design and planning for a new retractable roof after the 2010
Olympic and Paralympic Winter Games. PavCo was also asked to pursue a fixed-price contract
and guaranteed timeline to complete the roof upgrade. In September of this year, the government
asked PavCo, to re-submit an updated business case taking into account the new economic and
fiscal situation.




                                              -more-
                                                -2-




         “We are very pleased to have entered into a fixed-price contract to redevelop this British
Columbia landmark and, in doing so, create valuable jobs in our community and build upon a
lasting legacy for our residents,” says Podmore. “As we said in May 2008, this project will
facilitate further development on the lands adjacent to BC Place that will return significant
benefits to the Province and create and support thousands of jobs that depend on BC Place.
Those discussions are in the final stages.”

        Along with economic and cultural benefits, there are significant environmental and cost-
saving benefits to this project. A retractable roof on BC Place will cut energy costs by one-
quarter, $350,000 annually, and a further $100,000 annually will be saved through operational
savings. These reductions will support ongoing provincial strategies to reduce greenhouse gas
emissions.

        This project is in addition to interior refurbishments that have already been completed,
essentially creating a new building from the old and reducing the impact on the environment.
The project will be funded by the Province under the existing capital plan with no impact to
existing projects under the Province’s capital plan.

        Details of construction timing will be announced in the coming weeks. This
redevelopment project will not impact the Opening and Closing Ceremonies for the 2010
Olympic Winter Games or the Opening Ceremony for the 2010 Paralympic Winter Games,
which will be held in BC Place. It will also be the venue for nightly medal presentations and
cultural events.

        BC Place opened in 1983 and averages over 200 event-days a year, generating an
economic impact of $58 million annually. A retractable roof will attract an additional 41 event-
days to Vancouver per year. These additional events will increase the annual economic impact of
the stadium to $100 million per year.

                                                -30-

A backgrounder follows.

Contact:       Victoria Klassen                          Trevor Pancoust
               Senior Public Affairs Officer             BC Place
               250 356-8177                              604 646-3567

For more information on government services or to subscribe to the Province’s news feeds using
RSS, visit the Province’s website at www.gov.bc.ca.




                                               -more-
                                               -3-


                                 BACKGROUNDER
October 23, 2009                                        Ministry of Tourism, Culture and the Arts

                                BC PLACE ROOF PROJECT

PavCo will carry out the design, engineering, planning and budgeting work needed to replace the
existing air-supported roof on BC Place with a modern retractable roof to be built after the 2010
Olympic and Paralympic Winter Games and completed in 2011. The roof will be the largest
cable, fabric fully-retractable roof in the world. Benefits include:


Job Creation

   The project will create approximately 3,000 person years of employment.
   A retractable roof will attract an additional 41 event days to Vancouver per year.
   These additional events will increase the annual economic impact of the stadium from almost
   $60 million to $100 million in economic activity, every single year, supporting thousands of
   jobs.


Environmental Benefits and Cost Savings:

   A new roof will result in savings of up to 25 per cent -- or about $350,000 per year -- in
   energy costs for the stadium.
   An additional $100,000 annually in maintenance costs associated with the current air-
   supported roof will also be saved.
   For example, the stadium will no longer need air-lock doors to support the roof.


Future Economic Benefits

   The new roof will substantially increase the number and type of events the stadium can
   accommodate with a new year-round schedule. Included in those events are concerts and
   special events that require outdoor, open seating, particularly in the summer months that are
   now bypassing Vancouver.
   Improved acoustics and interior temperature control will improve the customer experience
   and allow for a wider variety of events and concerts to use the facility.
   This project will extend the life of BC Place for an additional 40 years. If the Province were
   to try and replace BC Place with a new facility today, it is estimated the cost would be in
   excess of $1 billion.
   The new roof is designed to withstand heavy snowfall and strong winds, reducing unexpected
   maintenance costs compared to the existing air-supported dome roof.
   The Whitecaps Major League Soccer franchise is expected to attract more than 300,000 fans
   per season.



                                             -more-
                                              -4-




   PavCo is committed to repaying the project costs through development of adjacent lands.
   The lands will be leased, not sold. The last undeveloped lands in the core of Vancouver are
   now those surrounding BC Place. They are highly desirable for commercial and residential
   use.

                                              -30-

Contact:      Victoria Klassen                        Trevor Pancoust
              Senior Public Affairs Officer           BC Place
              250 356-8177                            604 646-3567

For more information on government services or to subscribe to the Province’s news feeds using
RSS, visit the Province’s website at www.gov.bc.ca.
                                 BACKGROUNDER
October 23, 2009                                        Ministry of Tourism, Culture and the Arts

                                BC PLACE ROOF PROJECT

PavCo will carry out the design, engineering, planning and budgeting work needed to replace the
existing air-supported roof on BC Place with a modern retractable roof to be built after the 2010
Olympic and Paralympic Winter Games and completed in 2011. The roof will be the largest
cable, fabric fully-retractable roof in the world. Benefits include:


Job Creation

   The project will create approximately 3,000 person years of employment.
   A retractable roof will attract an additional 41 event days to Vancouver per year.
   These additional events will increase the annual economic impact of the stadium from almost
   $60 million to $100 million in economic activity, every single year, supporting thousands of
   jobs.


Environmental Benefits and Cost Savings:

   A new roof will result in savings of up to 25 per cent -- or about $350,000 per year -- in
   energy costs for the stadium.
   An additional $100,000 annually in maintenance costs associated with the current air-
   supported roof will also be saved.
   For example, the stadium will no longer need air-lock doors to support the roof.


Future Economic Benefits

   The new roof will substantially increase the number and type of events the stadium can
   accommodate with a new year-round schedule. Included in those events are concerts and
   special events that require outdoor, open seating, particularly in the summer months that are
   now bypassing Vancouver.
   Improved acoustics and interior temperature control will improve the customer experience
   and allow for a wider variety of events and concerts to use the facility.
   This project will extend the life of BC Place for an additional 40 years. If the Province were
   to try and replace BC Place with a new facility today, it is estimated the cost would be in
   excess of $1 billion.
   The new roof is designed to withstand heavy snowfall and strong winds, reducing unexpected
   maintenance costs compared to the existing air-supported dome roof.
   The Whitecaps Major League Soccer franchise is expected to attract more than 300,000 fans
   per season.



                                             -more-
                                              -2-




   PavCo is committed to repaying the project costs through development of adjacent lands.
   The lands will be leased, not sold. The last undeveloped lands in the core of Vancouver are
   now those surrounding BC Place. They are highly desirable for commercial and residential
   use.

                                              -30-

Contact:      Victoria Klassen,                       Trevor Pancoust
              Senior Public Affairs Officer           BC Place
              250 356-8177                            604 646-3567

For more information on government services or to subscribe to the Province’s news feeds using
RSS, visit the Province’s website at www.gov.bc.ca.

				
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