On August 21, 2015, Bird announced that it was named preferred proponent for the project. Since that announcement, Bird has achieved financial close.
The firm will have to design, build and finance the construction phase of the 250,000 sf facility, which will include a single NHL sized ice surface with more than 9,000 permanent seats and up to 10,000 seats to accommodate other events. The Downtown Centre also includes flex space, a club lounge, private boxes and a multi-use outdoor plaza facility.
The total project investment is estimated at CAD$107 million (US$81.5 million). The province has committed CAD$21 million in a forgivable loan for the project.
Bird Construction expects to start site development this fall with full construction starting in the spring of 2016. The new arena is expected to be open by the fall of 2018.
Additionally, the city of Moncton has tapped WTP Consultants, to oversee the construction of the new facility.
Moncton is a Canadian city located in Westmorland County in southeastern New Brunswick. The city has a population of about 70,000 inhabitants and covers 142 km². The underpinnings of the local economy are based on Moncton's heritage as a commercial, distribution, transportation, and retailing centre.