You may have seen that Downtown Rehabilitation is in the news again. On Tuesday, the Infrastructure and Protective Services Committee voted to have it discussed at Council's November budget deliberations…
Read MoreThis week, the Infrastructure and Protective Services Committee was provided a report on downtown. I'm not sure if everyone discussing it has a clear picture of what is going on. So here is my take:
Read MoreThis week, Downtown Rehabilitation was discussed at a council committee. The Downtown Association wants to see this project move forward. I thought I'd take the opportunity to re-post and clarify my opinion.
During budget deliberations, Council was presented with options to undertake Phase 4 of this project in 2019. The presented options would’ve seen the City spending up to $28,000,000 this year. The large majority of that would’ve been financed through debt.
Council chose NOT to go ahead with this work for now. However, it also directed administration to come back with options to improve the surface looks of 100 Ave without tearing up the roads. I supported this course of action. I do believe some modest investment in improving the looks of the east end of 100 Ave is worthwhile. But with the information I have right now, it would be irresponsible to support borrowing tens of millions of dollars to go ahead with Phase 4 at this time.
Read MoreBudget deliberations are this week. Council will be debating whether or not to proceed with the next phase of the Downtown Rehabilitation….
Phase 4 centers on 100 Ave and 100 St. Council will be presented an option to do just 2 blocks of 100 Ave (from 100 St to Resources Road which is from CIBC to Co-op) or to do that plus two blocks of 100 St (from 99 Ave to 101 Ave which is from Wendy’s to Titos).
Aquatera would likely fund a portion of this cost, but at this time most of it would likely need to be financed through borrowing.