Mississauga has pledged $2.2 million toward a full-size Avro Arrow replica.

The replica of the supersonic jet, which was designed and built in Malton in the 1950s, would be placed next to the restored CF-100 in Paul Coffey Park. According to a city staff report, the Arrow project would “provide a significant landmark for Mississauga” and be visible for those flying in and out of Pearson International Airport.

The project would cost over $3.6 million in total, as per the report. Of the project’s cost, $2.2 million would be contributed by the city — $1.2 million from ward specific special projects, which is funded by the city’s capital reserves and $1 million would be from the municipal accommodation tax reserve, Mississauga’s levy on short-term rentals.

Around $844,000 in donations and in-kind services have been pledged, including $100,000 from an anonymous donor and $56,360 from the Malton BIA — who will be responsible for building and installing the replica.

Funding from the city would be contingent on the Malton BIA securing commitment of all funds and in-kind services for the project, including a $500,000 grant from the Canadian heritage department’s legacy fund.

$500,000 is the maximum amount that the fund will allocate.

An estimated project timeline in the city staff report shows an intended start in winter of 2020 and completion in fall of 2022.

Editor’s Note: This story was updated on Tuesday, Nov. 26 at 2:10 p.m. to include additional information about how the project will be funded.

Steve Cornwell is a reporter with the Mississauga News and Brampton Guardian. Reach him via email: scornwell@metroland.com

Read more about: