Library and Academic Facility
Funding for the Library and Academic Facility was provided by the Government of Canada's Knowledge Infrastructure Program and through the Ontario Government's 2009 Budget. The Ontario government invested $27.7 million towards the new building, while the federal government provided $7.3 million in support. The college contributed $5.8 million towards the project, which had an overall cost of $46 million. Scarborough Southwest MPP Lorenzo Berardinetti was instrumental in helping Centennial secure this funding, as was the Association of Canadian Community Colleges and Colleges Ontario.
Athletic and Wellness Centre
The new Athletic and Wellness Centre was financed by the Ontario Finance Authority (OFA), an agency of the Ontario government whose mandate includes providing a broad range of financial services to Infrastructure Ontario. The OFA contributed $17 million financing toward the $23 million project. The Centennial College Student Association Inc. (CCSAI) collects a levy from each student to help pay for the construction and operation of the AWC at Progress and athletic and wellness initiatives for all campuses. This expenditure was approved by students in a referendum vote in February 2007. The Alumni Association donated $100,000 for the construction of the new courtyard and Alumni Clock that was part of the architectural plan.