Bird Construction Inc. (TSX:BDT)
Historical Stock Chart
6 Months : From Apr 2017 to Oct 2017
LISTING: TORONTO STOCK EXCHANGE
MISSISSAUGA, ON, July 11, 2017 /CNW/ - Bird Construction Inc. (Bird) announced today that it is part of the Niagara Falls Entertainment Partners consortium selected as the preferred proponent to design, build, finance and maintain an entertainment facility for the Ontario Lottery and Gaming Corporation in the City of Niagara Falls. Bird will perform the design and construction of the project and will also, through Bird Capital, a wholly owned subsidiary, take a minority equity interest in the concession responsible for the overall project, including design, construction, financing, and maintenance.
The facility features a performance space with multiple stage configurations and provides seating for over 5,000 patrons. Additional features include a public lobby and gathering spaces, box offices, bar and concessions.
The consortium plans to reach financial close in July of this year with construction expected to commence shortly thereafter. At this time, there can be no assurances that the consortium will receive a contract award related to this project.
"Bird is proud to be part of the consortium selected as the preferred proponent to design, build, finance, and maintain the Niagara Falls Entertainment Centre. This important project adds to our expanding portfolio of public-private partnership projects and further establishes the Company as a key Canadian participant in this delivery model", said Mr. Ian Boyd, President and CEO of Bird.
This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Bird Construction Inc.