$ 25 Million Loan to Turn Old Niagara Power Plant into ‘One-of-a-Kind’ Tourist Attraction
Minister Lisa MacLeod makes announcement in Niagara Falls on Friday as region reopens
Ontario government is taking action to mitigate the impact of COVID-19 on Niagara’s tourism industry by $ 2.4 billion.
A $ 25 million loan to the Niagara Parks Commission is expected to be used to redevelop the Niagara Power Plant into a one-of-a-kind tourist attraction, the Ontario government said on Friday, the same day Niagara is officially entered phase 2 of the provincial reopening.
The plant was completed in 1905 and will now house an educational experiment on the history of power generation in Ontario.
The ceremony was attended by the Minister of Heritage, Sport, Tourism and Culture Industries, Lisa MacLeod, who expressed her optimism about the project.
“It has been a very difficult time for the tourism industry, but today the Niagara region will begin to reopen its world-class attractions and begin to recover,” said Minister MacLeod.
“I am proud that our government is supporting the new Niagara Canadian Power Plant project. It’ll be another great reason people come to visit one of Ontario’s most attractive destinations.
The first phase of the redevelopment will be completed in July 2021, at the same time as the Canada Summer Games are expected to begin the following month, according to the government.
The government has already announced that it will provide $ 1 million in tourism assistance to the Niagara region to help implement “local marketing programs to strengthen the local tourism economy.”
“As our government moves forward with the safe and gradual reopening of the province, we encourage people to travel safely and rediscover the spectacular tourist attractions Ontario has to offer,” said Minister MacLeod .
Niagara attracts over 13 million tourists each year.
The industry contributes more than 40,000 jobs in the region each year, according to regional estimates.