Vancouver's Olympic Village is about to get a big kick of culture.

The neighbourhood on False Creek, which sprouted up during the 2010 Olympics and is now filled with condo towers, restaurants, pubs and shops is getting ready to open the doors on a new $20.4 - million theatre complex - instantly transforming the area into one of Vancouver's arts hubs.

The 48,000 s.f. Theatre Centre is scheduled to open this fall at 162 W. 1st Ave. The space features a 250-seat theatre, as well as 4 rehearsal theatres.

The venue has already lined up one of Vancouver's preforming arts powerhouses as a tenant.  The Arts Club, the largest theatre company in Western Canada, will close its Revue Stage on Granville Island and move into the new space in early fall.  Bard on the Beach, the yearly  Shakespeare Festival, will also have it offices at the theatre.

An initial burst of $7.6 million in funding for the project was provided by Wall financial, according to an article in the Vancouver Sun.  The city of Vancouver then matched that with another $7 million, with the federal governement chipping in $2.5 million and the province gave $1 million. BMO, meanwhile contributed an extra $1.5 million to secure naming rights on the new venue.

The Arts Club plans to kick off programming at the new Theatre as part of its 2015-2016 season with the play Peter and Starcatcher ( Nov. 26- Dec. 27). This unique Peter Pan prequel traces the life of young Peter an how he ended up in Neverland in the first place.  That will be followed up by the (Post) Mistress (Feb 4 - Feb 28, 206), a  one-woman musical about a small town postmistress, and Onegin (March 17-April 10, 2016), a Canadian musical premiere based of the Alexander Pushkin novel.