Regional District Enters Agreement On Sport Centre
By 250 News
Friday, September 22, 2006 03:58 AM
The Northern Sport Centre is taking shape at UNBC
The Regional District of Fraser-Fort George is moving ahead with an accountability agreement with the Northern Development Initiatives Trust.
The agreement has the Trust providing an interest free loan to the Regional District in the amount of $1 million dollars, and a grant of a further $400 thousand to make up the Regional DIstrict’s financial contribution to the construction of the Northern Sport Centre.
The repayment schedule for the interest-free loan will see the Regional District make payments of $250,000 a year for four years, starting in 2008. The Northern Sport Centre is scheduled to open in the fall of 2007.
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