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While the Waterloo Memorial Arena, commonly referred to as the "Bubble", is scheduled to be demolished in the spring of 2001, the City of Waterloo has agreed to lease the lands to the Perimeter Institute, which intends to open its permanent facility on the site in the winter of 2002, for an initial 50â€"year term. There will be two 25â€"year renewal options after that time While formal details of the design of â€"_"And we believe the Perimeter Institute will help ‘Canada in its quest to be at the forefront .of scientific endeavors." "We‘re trying to take some of the sucâ€" cess we‘ve had and reinvest it into the region. "This summarizes our belief and comâ€" mitment to the region of Waterloo and this community," Lazaridis told Waterloo council during a committee of the whole meeting. To date, an additional $20 million of private capital has been raised, bringing the current total amount pledged to $120 million. Details of the plan for what is to be named the Perimeter Institute, a Canadian facility dedicated solely to the study of theoretical physics, were given after Mike Lazaridis, president and coâ€" chief executive officer of RIM, announced that he will personally donate $100 milâ€" lion to found the project. _ The donation consists of an initial perâ€" sonal contribution of $20 million with the remaining $80 million to be donated over the coming year. sixâ€"month secret was revealed in A:i;?malic fashion Monday night en the City of Waterloo and local highâ€"tech giant Research In Motion {(RIM) together announced plans to construct a stateâ€"ofâ€"theâ€"art educational â€" research facility on the site of the Waterloo Memorial Arena. Highâ€"tech giant donates $100 million to physics education research facility WATERLOQ.CHRONICLE By Anorea Barcey Chronicle Staff #ATERLO® PUBLIC UBMANY Continued on page 2 WEDNESDAY, OCTOBER 25, 2000 + WATERLOO, ONTARIO It was hard to tell if Westmount public school student Megan West was impressed or repulsed by the manâ€"made slimy substance she helped create as part of the University of Wateriao‘s Engineering Science Quest program last Thursday. Members of the program visited the school and taught students some tricks in the area of culinary science .’Cf P 1‘&. Serving your community since 1856 So this is science? $1INCLUDING GST ANbMEA mAE rhOT Saturn Saab Isuzu of Kitchener Waterloo 663 Victoria St. N. 744â€"5811 |canadaâ€"com| Classified Lifestyle Viewpoint You said it Bob Chaperon is the Waterloo Legion Pro/Am champion. Ron Brown writes about Ontario‘s ghost railways. The Brick* *Selected Distribution Tss Page 20 37 31