Fairgrounds Secures $140M for Pickleball Court Projects
AI Article Summary
Fairgrounds Racket Club secured $140 million in financing, led by Back Forty, to fund the expansion of pickleball and padel courts across Canada. The expansion aims to address the growing demand for such facilities while utilizing mall spaces with large vacancies. The company plans to open seven new locations by early 2026 and an additional 30 by 2027, expecting to form Canada’s largest pickleball and padel court network by the end of 2025. This expansion also involves collaboration with developers to integrate courts into commercial properties.
What This Means for Canadian Contractors
For Canadian builders, this means an increased demand for construction services related to recreational facilities, particularly in urban areas. This project shows how the integration of sports facilities in commercial properties could revitalize underutilized retail spaces, presenting opportunities in prefabrication and modular construction to meet tight deadlines. Additionally, increased projects could impact timelines and costs due to heightened demand for construction labor and materials.
