For the first time in 40 years, a new company will be in charge of the Saint John Trade and Convention Centre.

During Monday’s regular meeting, city council voted to award a venue management contract to OVG360.

The recommendation from city staff followed a public request for proposals that was put out earlier this year.

“The Venue Management Agreement being recommended is a modern and comprehensive agreement,” staff said in a report to council.

“OVG has outlined a growth strategy and will provide expertise and focus on the regional conference center being a world class facility.”

An internationally-recognized leader in arena and venue management, OVG360 was also selected to operate and manage TD Station last year.

Hilton Saint John has managed the Saint John Trade and Convention Centre since it first opened in 1984. Its agreement with the city expires on June 30.

A spokesperson for Hilton Saint John provided a statement in response to a request for an interview about the change.

“We have enjoyed serving the clients of the Saint John Trade & Convention Centre and we look forward to continuing to welcome guests with our signature Hilton hospitality at Hilton Saint John,” said the statement.