Lakeshore Arena Corporation
The Lakeshore Arena Corporation is a City corporation that manages the Lakeshore Arena (operating as the MasterCard Centre for Hockey Excellence), a marquee four-pad ice arena in the South Etobicoke area of Toronto. The Lakeshore Arena offers ice rentals, leagues, public skating, drop-in programs, tournaments and special events to the local community.
The Corporation’s mandate includes:
- Assuming the leasehold interest for the Lakeshore Arena (previously held by the Lakeshore Lions Club)
- Managing the Arena’s operations including marketing, sales, catering, parking, security, caretaking and cleaning, financial administration, property management and general administration
- Managing the Arena’s capital debt
In 2011, City Council approved the establishment of the Lakeshore Arena Corporation under the authority of the City of Toronto Act, 2006 and Ontario Regulation 609/06. The Corporation is incorporated under the Business Corporations Act with the City of Toronto as its sole shareholder.
Lakeshore Arena Corporation is governed by a Board of Directors (Lakeshore Arena Board) that supervises the management of the Corporation’s business and affairs. A Council-approved Shareholder Declaration sets out the responsibilities of the Corporation and requirements for the Board.
The Lakeshore Arena Board is made up of six members and comprises senior City staff, a tenant representative and two public members appointed by City Council through the City’s Public Appointments process. The General Manager of Parks, Forestry and Recreation Division or designate is the Board Chair.
Key Council Decisions
- City Council adopted EX24.12: Annual Report on City’s Loan and Loan Guarantee Portfolios (April 2017)
- City Council received for information EX28.4: Future Options for the Lakeshore Arena (February 2013)
Search for other City Council decisions about Lakeshore Arena Corporation.