Montreal, Mar. 8, 2009 - Deputy Premier and Minister of Municipal Affairs, Regions and Land Occupancy Nathalie Normandeau, Minister of Economic Development, Innovation and Export Trade, Minister responsible for the Montréal region and MNA for Outremont Raymond Bachand, Mayor of Montréal Gérald Tremblay and President and CEO of the Montreal Alouettes, Mr. Larry Smith, are pleased to announce today that the financing for the Percival Molson Stadium expansion project has been approved and the stadium will be expanded to 25,000 seats in time for the 2010 CFL season.
The long-awaited project requiring a total investment of $29,355,000 will be funded with the Quebec government investing $19,331,065, the City of Montreal investing $4 million, and the final $6,023,935 tranche being underwritten by Alouettes' owner Bob Wetenhall. This private contribution by Bob Wetenhall demonstrates his enduring commitment to the Alouettes, the Montreal community and the CFL. The completion of this project ensures the viability and continuity of professional football in Montreal and the Province of Quebec for years to come.
“We are proud that Quebec, Montreal and the province’s thriving football community are able to count on the Quebec government and the City of Montreal to come together for a great project like the expansion of Percival Molson Stadium,” said Alouettes’ President and CEO, Mr. Larry Smith. “This project will ensure the viability of football in Quebec and the financial stability of the Montreal Alouettes for many years.”
As a result of this great project, the stadium will grow from 20,202 seats to 25,000, 18 new private loges will be built, and the stadium’s state-of-the-art video board will become a permanent installation.