City To Pay $27,153.34 To Moncton Magic

Tara Clow November 13, 2019 12:39 pm Last Updated on February 9, 2026 1:43 pm

It won’t cost taxpayers as much as first thought for the Moncton Magic’s first season at the Avenir Centre.

In 2018, City Council adopted a motion as a part of a risk mitigation agreement, to pay up to $333,785.29 to the team.

But according to a City Hall Spokesperson, the final payout will be $27,153.34.

This is based on annual revenues generated by the basketball team during the 2018/2019 season.

It was the Moncton Magic’s first season to play at the Centre.

The Magic also took the NBL championship win in the 2018/2019 season.

Author

Tara Clow

Tara Clow is a multi-award-winning news anchor and reporter with more than 30 years of experience at radio stations across Canada. She is a graduate of the Radio and TV Arts program at Toronto Metropolitan University and the Humber College radio broadcasting program. She is based in Moncton and covers stories across Canada. Contact Tara at clow.tara@radioabl.ca.