As Surrey continues to experience remarkable growth, the City Council is taking proactive steps to assess the economic impact and feasibility of introducing a major venue into its thriving landscape. This visionary endeavor aligns with the municipal government's goal of establishing two vibrant entertainment districts—one in Surrey City Centre and another in Cloverdale.
A Population Surge and Beyond
With Surrey's population projected to surpass Vancouver's by 2029, according to the latest estimations by the provincial government, the mayor believes that the city can sustain a major venue and that it is an essential community amenity. By 2029, Surrey is expected to host 785,619 residents, edging out Vancouver with 780,075 residents.
Furthermore, Surrey is poised to become the first city in British Columbia to reach and exceed a population of one million people by 2042. Currently, only Toronto, Montreal, Calgary, and Edmonton boast a population of this scale — an impressive milestone for Surrey.
Surrey City Centre: A Hub of Growth
One particular area within Surrey that encapsulates this growth is Surrey City Centre. Expected to welcome an additional 100,000 residents in the coming decades and generate tens of thousands of new jobs, this thriving district will be further enhanced by major transportation infrastructure projects. Notably, the ongoing Surrey-Langley SkyTrain extension will significantly improve connectivity in the region.
Creating a Livable and Thriving City
To accommodate this remarkable population growth, Surrey City Council recognizes the need for strategic and resolute action. Their focus is set on investing in amenities typically found in larger cities, including notable sports and event facilities, music and entertainment venues, and a diverse array of unique dining experiences.
The mayor has highlighted the need for additional hotel rooms to support the flourishing economy and rising business opportunities. Oviedo Developments' forthcoming mixed-use redevelopment project in Surrey City Centre, featuring a 15-storey, 156,000 sq ft hotel, exemplifies this commitment to enhancing the city's hospitality sector.
Imagine the possibilities if Surrey were to feature a 12,000-seat indoor arena. This impressive venue would not only elevate the city's entertainment scene but also rank as the third-largest indoor arena in the Lower Mainland, rivaling Vancouver's 19,000-seat Rogers Arena and 16,000-seat Pacific Coliseum.
Embracing the Future
With a strong focus on growth, livability, and economic prosperity, Surrey City Council is embracing the impending population boom and positioning the city to become a hub of excitement and opportunities. By conducting a thorough economic impact and feasibility study, they are taking the necessary steps to ensure Surrey's continued success and the well-being of its current and future residents.