The outdoor plaza at Coquitlam Town Centre Park will get a new name.
And the city is throwing a public party next Wednesday — between 4:30 and 5:30 p.m. — to thank its new corporate sponsor: the TD Bank Group.
This week, the municipality inked a five-year deal with the company — costing TD $250,000 — to rebrand the landmark next to Lafarge Lake as the TD Community Plaza.
The money will be used for capital upgrades and amenities at and around the plaza, a popular gathering place that sees such large summer festivals as Canada Day and Kaleidoscope, and the winter Lights at Lafarge display.
The extra cash will also be used to pump up onsite programming.
The agreement comes two months after TD launched The Ready Commitment, a $1-billion fund that’s geared to help individuals and communities until 2030.
"At TD, we are connecting communities across B.C. to help people participate and feel included," said Mauro Manzi, senior vice-president for the Pacific Region, in a news release. "Our sponsorship with the city of Coquitlam is a great example of how we are able to make a big impact not only in arts and culture but in making people feel more in touch with their neighbours."
Opened two years ago during Coquitlam’s 125th anniversary, the $3.2-million plaza is located on the southeast side of Town Centre Park and includes an amphitheatre that can seat up to 900 people.
