January 31, 2012 (Milton, ON) – The town council in Milton, Ontario voted January 30 to proceed with building an indoor velodrome for the Toronto 2015 Pan/Parapan Am Games – see official TO2015 release below. The vote was 9-to-2 in favour of the town committing to pay up to 44% of the velodrome estimated to cost as much as $45 million reports The Hamilton Spectator. But Milton wants Infrastructure Ontario to cap building costs at $40 million.

The town has offered about $4 million for building costs, expecting another $12 million to come from private donors.  Staff presented a business plan for the velodrome and ‘walked’ councillors through it. The Milton decision also officially kills hopes that the TO2015 velodrome could be built in Hamilton. Read more HERE.

Milton Plan in Detail HERE (large file 9 Megs).

Official Release – TO2015 Reports Milton Council Confirms Velodrome
TORONTO, January 31, 2012 – The Town of Milton made a landmark decision at last night’s municipal council meeting to build a permanent velodrome at the Milton Education Village for the Toronto 2015 Pan/Parapan American Games.

“On behalf of TO2015, we would like to thank the Town of Milton for making this velodrome a reality,” says Ian Troop, Chief Executive Officer, Toronto 2015 Pan/Parapan Am Games Organizing Committee (TO2015). “This is the result of sound deliberation and an appreciation for the potential associated with a permanent velodrome.”

This legacy cycling centre also includes an infield that could support other recreational activities such as basketball, volleyball or badminton.
“This is a great day for cycling and amateur sport in Canada,” said Olympian Curt Harnett. “This will result in a world-class facility that will make Milton a cycling hub for the surrounding community, the province and eastern Canada.”

TO2015 looks forward to working with Town of Milton and the Organizing Committee’s partners to build a velodrome that will attract the best athletes from the Americas in 2015 and leave a lasting sport legacy.

About the Toronto 2015 Pan/Parapan American Games The Pan and Parapan American Games are one of the world’s largest international multi-sport events, held every four years for athletes of the 41 member nations of the Pan American Sports Organization (PASO). The Toronto 2015 Pan and Parapan American Games will draw 10,000 athletes and officials and feature 48 sports in 17 municipalities across the Greater Golden Horseshoe area.