Officials in Markham have approved a partnership plan to finance the proposed GTA Centre arena.
Councillors voted Thursday night to borrow $162 million to pay the town's half of construction costs.
The other half will be funded by GTA Sports and Entertainment, the company behind the project.
The 20,000-seat facility is slated to open (at Highway 407 and Kennedy Road) in 2014.
It will include an NHL-size ice rink, a feature that has sparked rumours about another team moving to the area. (AM640, 680News)Suggest a correction