A popular meetings and events space in Nepean has a new name.
Centrepointe Theatre, located just off Woodroffe Avenue near Algonquin College, was officially renamed Tuesday as Meridian Theatres at Centrepointe under a sponsorship agreement struck last year.
Under the deal, Meridian Credit Union will pay the city $65,000 annually for 15 years, for a total of $975,000. Of that sum, $200,000 will go towards capital and operating improvements at the theatres, including cultural programming and support for local arts groups that rent the facility.
Meridian Theatres ranks among the region’s 30 largest events facilities, with some 15,560 square feet of meeting space and a theatre with the capacity for nearly 1,000 people.
Not including the Meridian deal, the city says it’s raised $1.57 million since 2012 through similar sponsorships.