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Quebec Premier Philippe Couillard shakes hands with Quebec City Mayor Régis Labeaume, right,as he arrives to visit the construction site for the new arena in Quebec City, Friday, September 26, 2014 .Photo by Clément Allard /THE CANADIAN PRESS
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Quebec City’s new arena will be called Centre Vidéotron for the next 25 years, Québecor announced on Tuesday.
Québecor, the building’s management company, will pay Quebec City $33 million upon the opening of the arena, planned for Sept. 15.
The amount paid could rise to $63.5 million if the city gets a National Hockey League franchise.
The announcement came at a news conference in Quebec City with Québecor representatives and Mayor Régis Labeaume present.
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Québecor had announced last week a deal with AEG, an entertainment company, to promote and schedule acts for the arena.
The construction of the arena, estimated at nearly $400 million, began in 2012.
The city and the Quebec government have shared the construction costs, with Québecor paying between $110 and $200 million for the use of the arena.
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