Niagara Region reopens officially
June 20, 2020
Global Korean Post
The Ontario government is supporting the Niagara Region’s vital tourism sector by providing a $25-million loan to the Niagara Parks Commission to redevelop the historic Canadian Niagara Power Generating Station into a one-of-a-kind, made-in-Ontario attraction.
The first phase of the redevelopment of the Canadian Niagara Power Generating Station is scheduled for completion in July 2021, just in time for Niagara Region to welcome athletes, coaches and families from across Canada for the 2021 Canada Summer Games next August. The Ontario government loan will be repaid over 10 years, with the first payment expected in January 2024 after the attraction is fully operational and generating revenue.
The government recently announced $1 million in tourism support for Niagara Region through a new $13-million funding partnership between Destination Ontario and Destination Canada. This funding will help to deliver locally driven marketing programs to bolster the local tourism economy. As part of this partnership, the Culinary Tourism Alliance – a not-for-profit food tourism development organization – will receive $100,000.