Located on 90 acres in Brandon, the venue is home to the Brandon Wheat Kings of the Western Hockey League and hosts multiple agricultural events like the Royal Manitoba Winter Fair and Manitoba Ag Days.
In total, the venue plays host to nearly 1,500 events each year.
The building opened in 1973 and needs renovations.
Of the total dollar amount, about $3 million is in the form of a grant through the Arts, Culture and Sport in Community Fund.
These funds will be put towards $6 million in renovations including upgrades to air conditioning, washrooms, arena seating, sprinklers and loading ramps.
The remaining $7.9 million will help the Keystone Centre with its sustainability plan. Those dollars are also part of a five-year agreement between the province and City of Brandon, worth about $15.9 million.
“This agreement will give our board of directors and management the ability to build a robust plan for the next five years and to have some certainty when we strategically plan for the Keystone Centre’s future,” said Bruce Luebke, chair of the centre’s board of directors.