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Exhibition Place transfers $4.6 million operating surplus to the city of Toronto

After a successful 2012 year-end audit for Exhibition Place, a profit in excess of $4.6 million was reported and transferred to Toronto’s general fund.

Exhibition Place’s 2012 success was built upon a combination of strategic planning and execution in the solicitation of new meetings, conventions and exhibitions, a successful Canadian National Exhibition and responsible operating expense management.

The economic impact Exhibition Place has is even more positive, contributing more than $400 million to the city and province.

“Exhibition Place plays an important role in Toronto’s economic fiber by providing the leading marketplace for meetings, conventions, exhibitions and sporting events in Canada,” said Mark Grimes, board chairman, Exhibition Place. “We are proud to facilitate a profitable success and generate $4.6 million for the City of Toronto.”

Exhibition Place is Canada’s largest entertainment venue, attracting more than 5.3 million visitors a year. The 192-acre site is an integral component of Toronto and Ontario’s economy, particularly with respect to conventions, sport, festivals, recreation, culture and tourism.

“Exhibition Place’s service teams work closely with meeting planners and show producers to maximize event success, increase environmental practices and to operate a profitable business,” said Dianne Young, CEO, Exhibition Place. “I would like to thank the Exhibition Place employees for their dedication and commitment to demonstrating excellence in customer service all year round.”

Located at Exhibition Place are the award-winning Direct Energy Centre, Canada’s largest exhibition and convention center, and the Allstream Centre LEED Silver-certified conference venue. Since 2004, Exhibition Place has undertaken an environmental stewardship initiative, entitled GREENSmart, which includes the promotion of sustainable development, environmental initiatives and leading-edge green technologies and practices across the site.

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