Construction alone will involve 6,700 person years of employment over approximately five years. Once the new facility is completed, there will be more than 7,500 new, permanent, full-time jobs created. Government revenues will increase, supporting vital public programs everywhere. According to KPMG, the current benefits to our tourist industry will decline as VCEC is unable to compete in an environment of increasing attendance and demands for additional exhibit space. The existing facilities at Canada Place also need to be renovated to remain competitive with facilities in other destinations.
Expansion is a low risk investment.
Payback of the entire investment will take place in 10.7 years. Both industry and government will realize substantial profits from the project. Vancouver Convention Centre Expansion Task Force.