The Municipality of Red Lake is receiving $368,550 from the province as the community continues to pursue a new Arena and Events Centre.
The money supports the technical drawings completed by an engineering firm.
Council has made it a priority to now pursue additional funding to begin construction as a site has already been selected.
The funding is part of a $4.9 million investment to support 24 tourism projects in Northern Ontario.
A majority are in the northeast.
Northern Development Minister Greg Rickford made the funding announcement at a Tourism Summit in Thunder Bay.
A complete list of recipients can be found here