The Placentia Bay Veterans Cenotaph was unveiled August 8, 2016, during a special ceremony as a conclusion to the Voices of Placentia Bay Festival. The cenotaph is in an garden once used by Presentation nuns as a place of prayer and meditation. The cenotaph is a tribute to those from all the current and former communities of Placentia Bay who served in the First World War, Second World War, Korean War and peacekeeping missions.
The dedication was organized by the Festival of Flags, a community service organization, in partnership with the Town of Placentia and the Doctor William Collingwood Memorial Branch 33 of the Royal Canadian Legion, Placentia. The cenotaph was designed by Tract Consulting, erected by Collins Contracting Ltd. and funded by the Department of Veterans Affairs and a community contribution. It is the result of a research project jointly started in 2008 by the Placentia Royal Canadian Legion and the Festival of Flags and assisted by The Rooms, Memorial University and the Department of Veterans Affairs.