Muskoka Lumber Community Centre
2021 Concept Images – subject to change
The development of the Muskoka Lumber Community Centre (MLCC) offers a new and exciting opportunity for Bracebridge in creating a new, multi-purpose venue, we are ensuring that our community will have new gathering spaces built to fit their needs for generations. The co-location of facilities and services offers the opportunity for a landmark multi-use community centre, providing the community with a state-of-the-art, multi-generational "social hub" that consolidates community activities and services under one roof.
VIDEO - Muskoka Lumber Community Centre (MLCC) Project
The community’s vision of the MLCC is one of service and use to our community: we envision a space used by the entire community. Our sports-related facilities; arena, multi-sport fieldhouse, outdoor courtyard, play space and playground will service recreational groups of all ages, and also complement the infrastructure of local schools. While our library, auditorium, concession and other group-meeting spaces will be used by special interest clubs, service clubs, arts and cultural groups, and local businesses. In short, everyone in Bracebridge and our surrounding communities will have good reasons to use these new facilities.
Location: Extension of Salmon Avenue
Project Contact: Cindy O’Regan, Director of Recreation 705-645-1921 ext. 3700 or coregan@bracebridge.ca
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Sponsorship & Donation Opportunities
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As we move forward with the construction of the Muskoka Lumber Community Centre, we invite the community to invest in Bracebridge’s future with us.
The Town of Bracebridge is undergoing a community fundraising campaign to facilitate the funding of the project.
Sponsorship and Naming Rights Opportunities
The remaining opportunities include:
- 2 X Arena Team Room
- 2 X Arena Universal Team Room
- Outdoor – Playground
- Fieldhouse - Universal Changeroom
- Fieldhouse – Score Clock
- Library – Full
- Library – Recording Studio
- Library – Local History Room
- Library – Board Room
- Library – Children's Craft Room
- Library – Children's Seating Areas and Stacks
- Library – Media Lab
- Library – Teen Area
- Library – Tutorial Room A
- Library – Tutorial Room B
- Library – Friends Store
- Library – Reading Area by Fireplace / Magazines
- Library – Adults Stacks
Two more fundraising campaigns you can get involved with:
- The Muskoka Lumber Arena “Best Seat in the House” arena seat sale
- Library “Sponsor a Stack” sale
These fundraising campaigns will launch in early May and provide the opportunity for individuals, families, or organizations to make a donation to purchase a seat in the new arena or sponsor a stack in the library.
Contact Jerad Henderson, Manager of Recreation Programs and Services, JHenderson@bracebridge.ca or Crystal Bergstrome Crystal.Bergstrome@bracebridgelibrary.ca to get involved in this transformational community project.
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Muskoka Lumber Community Centre Renderings
Share on Facebook Share on Twitter Share on Linkedin Email this link2021 Concept Images – subject to change
Facilities
Auditorium
Lobby
ArenaWarm Viewing Gallery
Field House
Library
Playground
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Site Construction Images
Share on Facebook Share on Twitter Share on Linkedin Email this linkWinter 2021/ 2022
Spring 2021
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Project Funding Summary
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Total Estimate Project Budget - $75,330,000
Town of Bracebridge and Community Fundraising - more than $58 million
Province of Ontario – up to $16,862,234
- The Town intends to issue debentures of approximately $50,000,000 to fund the MLCC. The Town could support nearly half of this debenture requirement using its existing $1,190,000 annual transfer to the Major Infrastructure Reserve. The Town has prudently increased the size of this transfer over the past several years in anticipation of ultimately leveraging it to finance the construction of the MLCC.
- At existing debenture rates on a 30-year repayment period, the $1,190,000 annual transfer could be redirected to operations in order to support approximately $23,000,000 in debentures without increasing the tax levy.
- In addition, the Town’s annual recurring MLCC sponsorship payments secured to date, equal to approximately $130,000 per year, would support principal and interest payments on approximately $2,400,000 of debentures over a 30-year repayment term (assuming the sponsors exercise their renewal options at the end of their 10-20 year agreements).
- To support the remaining $24,600,000 in anticipated debentures needed to fund the current MLCC construction budget, the Town would need an additional annual debt repayment capacity of approximately $1,282,000. This equates to around 8% of the 2021 general levy.
- To obtain most of this annual debt repayment capacity, the Town intends to utilize the Lakeland dividend that historically has been transferred to capital reserves each year. Typically, the Town has allocated 75% of its annual Lakeland dividend to capital reserves, which equated to $824,550 in 2021. The Town will seek to phase-out any use of the dividend to support annual debt repayments over no more than five years. The Town intends to accomplish this using a combination of incremental revenues from assessment growth, dedicated levy increases, and operational efficiencies.
- In order to fund the remaining annual debt repayment requirement of approximately $457,450, the Town would expect to undertake moderate, phased increases to the capital component of the levy.
We will provide further updates regarding the Town’s funding strategy as the project evolves.
Project Contact: Paul Judson, Director of Finance/Treasurer 705-645-6319 ext. 3300 pjudson@bracebridge.ca
Project Contact: Cindy O’Regan, Director of Recreation 705-645-1921 ext. 3700 or coregan@bracebridge.ca
