For Immediate Release
March 4, 2014
Kelowna, BC – RG Properties Ltd. and Prospera Credit Union are proud to announce today an agreement on a five-year renewal of their partnership for naming rights of Prospera Place in Kelowna, BC. The extension will keep the facility’s name as Prospera Place through January of 2019.
Prospera Place is located in the heart of downtown Kelowna and has been a community staple since its construction in 1999. With a capacity of 6,000-8,000 people for concerts and hockey games, Prospera Place is the premier multi-purpose sports and entertainment facility in Kelowna. The facility provides hundreds of jobs to Kelowna residents and will continue to offer high quality entertainment.
“Prospera Place has become synonymous with the city of Kelowna,” said Graham Lee, Owner of RG Properties LTD. “We have a great partnership with Prospera Credit Union and appreciate their support of, and reach into the community. We are very pleased to be extending our agreement, and look forward to great outcomes over the next five years.”
Built by RG Properties Ltd. in 1999, Prospera Credit Union has held the naming rights to Prospera Place since 2003.
“In 2003, our Prospera team was very excited to extend our credit union operations to serve the Okanagan community,” said Prospera’s President and CEO, Bruce Howell. “In the decade since, we have put down roots, built strong relationships and expanded operations to serve members through four branches. Supporting the local community is important to us as a co-operative and we’re thrilled to continue our arena partnership.”
During the 11 years the facility has been known as Prospera Place the arena has enjoyed tremendous success. Home to the Western Hockey League’s (WHL) Kelowna Rockets, Prospera Place played host to the 2004 Memorial Cup and has hosted three WHL Championships (2003, 2005 and 2009). It should also be noted that the recent 2014 Olympic Gold medal team included four former members of the Kelowna Rockets playing at Prospera and supported by the Kelowna community.
Other highlights over the last 11 years include:
- World Junior Hockey Championships in 2005
- WHL Top Prospects Game in 2012
- Grand Slam of Curling in 2012
- World class concerts including Elton John, Sting and Kiss
RG Properties and Prospera Credit Union are, and will continue to be, active and engaged members of the community with a priority placed on supporting local youth groups and charitable initiatives in Kelowna and throughout the Okanagan Valley.
RG Properties Ltd.
RG Properties Ltd. (a wholly owned subsidiary of GSL Holdings Ltd.) owns and manages companies and operations in a wide variety of related industries. Initially founded as a real estate development company in 1989, RG Properties has rapidly expanded to develop numerous operational entities. While real estate development remains an integral part of the business, RG continues to expand its operational scope to better serve its existing customers and future customer prospects.
RG Properties Ltd. is recognized for its designs and construction of state-of-the-art, sustainable entertainment facilities in British Columbia. RG’s facilities draw sporting and concert events, but also offer a wide range of amenities from retail space, to meeting space and fine dining restaurants. Each facility is developed with the primary goal of improving the vibrancy of the communities in which they are located.
RG Sports and Entertainment is now one of the leading event providers in Western Canada, bringing world famous artists and shows to both Kelowna and Victoria. RG Properties also owns the WHL Victoria Royals, located at another RG Properties facility, specifically the Save-on Foods Memorial Centre.
Prospera Credit Union
Building on its more than 65-year history, Prospera Credit Union is now one of the largest credit unions nationally. With current assets of $2.5 billion under administration, Prospera’s operations extend from Vancouver to Kelowna. More than 63,000 members benefit from expert advice and personalized service offered through 16 branches, six business centres and a contact centre.
Prospera Credit Union has an extensive community investment program devoted to recognizing community-based organizations, events and the volunteers who make a difference in our neighbourhoods. Dedicated to living our values of accountability, focus, teamwork, integrity, passion, member first, and community, Prospera makes a meaningful difference in the financial well-being of our members.