• Scotiabank Park North and Scotiabank Park South to expand in 2011

FREDERICTON, Jan. 13 /CNW/ - The City of Fredericton today announced that Scotiabank has acquired the naming rights to two prominent recreational facilities, Scotiabank Park North and Scotiabank Park South. The Bank's support for Fredericton's recreational infrastructure will not only help to enhance the two major sporting and recreational hubs, but will also support a new multi-use recreational field next to Willie O'Ree Place on Fredericton's north side.

"I want to thank Scotiabank for the vote of confidence they are giving to our city by supporting our recreation infrastructure," said Mayor Brad Woodside. "The Scotiabank Park North and South recreation hubs are key components of the city's well being. This contribution will allow for the construction of a second artificial turf field much faster than we had planned."

"We are proud to announce our partnership with the City of Fredericton and the naming rights of Scotiabank Park North and Scotiabank Park South," said Peter Bessey, Senior Vice-President, Atlantic Region, Scotiabank. "Scotiabank has been a part of the Fredericton community for 128 years and we are looking forward to the establishment of new public facilities to enhance the city and the region's recreational infrastructure."

Scotiabank Park North is currently equipped with a twin-pad arena complex and four outdoor volleyball courts. The Bank's sponsorship will support the creation of a new multi-use, artificial turf field at Scotiabank Park North as well as a twin-pad arena that will be located at Scotiabank Park South, which is currently equipped with an artificial turf field. Currently there is a dog park and six indoor tennis courts under development at Scotiabank Park South. The dog park will open in the fall of 2011 and the tennis facility will open in February of 2012. Over the past year there have been in excess of a million visitors to Scotiabank Park North and similar attendance is expected at Scotiabank Park South.

About the City of Fredericton

The City of Fredericton prides itself on being a smart, sustainable city offering a world-class business environment and balanced lifestyle with abundant recreational and cultural amenities.  The City is an ISO 9001 organization delivering more than 60 programs and services to residents and visitors alike. Together with its community stakeholders, we are working to make Fredericton the most vibrant, small city in North America. www.fredericton.ca

About Scotiabank

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 70,000 employees, Scotiabank Group and its affiliates serve some 18.6 million customers in more than 50 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets above $526 billion (as at October 31, 2010), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.