 The development was to be financed with public funds raised by an England-based company, Provincial Improvement Corporation.The financial prospectus, used to finance the project by the public sale of $10 shares, described the new four structure facility as a “Palace of Fun” - sitting atop an illuminated pier stretching nearly a third of a mile out into Lake Ontario.The proposed pier would include a ballroom that would accommodate 3,000 couples, a roller rink (converted for ice skating in the winter months), 1,400-seat theatre, an outdoor Band Pavilion seating 1,500, and several restaurants and souvenir stores.