Playland’s Corkscrew rollercoaster at the PNE. (Black Press Media files)

Playland’s Corkscrew rollercoaster at the PNE. (Black Press Media files)

Vancouver says PNE needs $8M from the province in order to survive

City says 111-year-old exhibition stands to lose nearly $15 million after closures throughout the last year

The City of Vancouver says the financial impacts of the COVID-19 pandemic threaten to shutter the long-running Pacific National Exhibition if the non-profit organization isn’t able to secure emergency funding from the province.

It says in a statement the 111-year-old exhibition stands to lose nearly $15 million after closures throughout the last year and it requires $8 million in aid.

Mayor Kennedy Stewart says the city has been extending the PNE’s “ever-growing line of credit” and it needs provincial support if it’s going to continue hosting music, cultural, sports and other events each year.

The exhibition’s management says it would take more than 15 years to eliminate the forecasted deficit, jeopardizing the PNE’s ability to organize events.

Acting president Stacy Shields says the exhibition has survived two world wars and the Great Depression, but the challenges of COVID-19 have pushed it to the brink, putting thousands of jobs at risk.

Andrew Leger, president of the CUPE local union that represents most PNE workers, says the annual fair is B.C.’s single-largest employer of youth.

“For many, it’s their first job — work that helps pay for their education, or even gets their family established in Canada,” he says in the statement.

RELATED: Playland delays reopening due to COVID-19 concerns, B.C. travel ban

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Just Posted

North Okanagan business Hytec Kohler set up a COVID-19 vaccination clinic at the Spallumcheen plant Friday, May 14. (Jennifer Smith - Morning Star)
More than half of eligible adults in Interior Health vaccinated

Over 365,000 vaccine doses have been administered throughout the Interior Health region

New Border Bruins owner Dr. Mark Szynkaruk reps team colours with his young sons and wife Tracey. Photo courtesy of the Grand Forks Border Bruins
KIJHL’s Border Bruins sold to Grand Forks doctor

The league announced the sale Friday, May 14

Kerry Reed
West Kootenay Fishing Report: Spring fishing, the bite is on!!

Anglers having great results on Kootenay Lake and Columbia River

File photo
Paramedic training returning to Castlegar

Emergency Medical Responder and Primary Care Paramedic training to take place in Castlegar

Daily confirmed COVID-19 cases reported to B.C. public health, seven-day rolling average in white, to May 12, 2021. (B.C. Centre for Disease Control)
B.C. preparing ‘Restart 2.0’ from COVID-19 as June approaches

Daily infections fall below 500 Friday, down to 387 in hospital

A vial of AstraZeneca vaccine is seen at a mass COVID-19 vaccination clinic in Calgary, Alta., Thursday, April 22, 2021. Dr. Ben Chan remembers hearing the preliminary reports back in March of blood clots appearing in a handful of European recipients of the Oxford-AstraZeneca COVID-19 vaccine. THE CANADIAN PRESS/Jeff McIntosh
Science on COVID, VITT constantly changing: A look at how doctors keep up

While VITT can represent challenges as a novel disorder, blood clots themselves are not new

Poached trees that were taken recently on Vancouver Island in the Mount Prevost area near Cowichan, B.C. are shown on Sunday, May 10, 2021. Big trees, small trees, dead trees, softwoods and hardwoods have all become valuable targets of tree poachers in British Columbia as timber prices hit record levels. THE CANADIAN PRESS/Jen Osborne.
Tree poaching from public forests increasing in B.C. as lumber hits record prices

Prices for B.C. softwood lumber reached $1,600 for 1,000 board feet compared with about $300 a year ago

The warm weather means time for a camping trip, or at least an excursion into nature. How much do you know about camps and camping-related facts? (John Arendt - Summerland Review)
QUIZ: Are you ready to go camping?

How many camp and camping-related questions can you answer?

On Friday, May 14 at Meadow Gardens Golf Club in Pitt Meadows, Michael Caan joined a very elite club of golfers who have shot under 60 (Instagram)
Crowds at English Bay were blasted with a large beam of light from an RCMP Air-1 helicopter on Friday, May 14. THE CANADIAN PRESS/Marc Grandmaison
Police enlist RCMP helicopter to disperse thousands crowded on Vancouver beach

On Friday night, police were witness to ‘several thousand people staying well into the evening’

People shop in Chinatown in Vancouver on Friday, February 5, 2021. THE CANADIAN PRESS/Jonathan Hayward
Vancouver community leaders call for action following 717% rise in anti-Asian hate crimes

‘The alarming rise of anti-Asian hate in Canada and south of the border shows Asians have not been fully accepted in North America,’ says Carol Lee

Sinikka Gay Elliott was reported missing on Salt Spring Island on Wednesday, May 12. (Courtesty Salt Spring RCMP)
Body of UBC professor found on Salt Spring Island, no foul play suspected

Sinikka Elliott taught sociology at the university

The first Black judge named to the BC Supreme Court, Selwyn Romilly, was handcuffed at 9:15 a.m. May 14 while walking along the seawall. (YouTube/Screen grab)
Police apologize after wrongly arresting B.C.’s first Black Supreme Court Justice

At 81 years old, the retired judge was handcuffed in public while out for a walk Friday morning

Most Read