> Home > Government > Media Room > News Releases > City of Moncton Corrects Erroneous Reports

City of Moncton Corrects Erroneous Reports


November 18, 2013 
 
MONCTON – The City of Moncton would like to correct erroneous reporting that has been recently circulating regarding an $88,000 payment to the Moncton Wildcats for the lack of corporate boxes at the Coliseum.

This amount has been included in the Wildcats contract with the City of Moncton since 1999 and was negotiated to compensate the Wildcats for the lack of corporate box revenue.  Should the boxes have been built, the contract dictated that the payment would have immediately stopped and a new revenue model would have begun resulting in a net financial benefit to the City.

Any reference to a payment being made to support the establishment of a plant in Moncton is incorrect and unfounded. 

– 30 –

Media Contact: 
Isabelle LeBlanc, Director
Communications, City of Moncton
506-853-3592 / Isabelle.leblanc@moncton.ca