Finding Funds for Sports Centre
By 250 News
The Federal M.P.s have indicated getting funding from Ottawa for the Northern Sport Centre is not a given.
Prince George Peace River M.P. Jay Hill says federal dollars for things like the Northern Sports Centre in Prince George, the indoor ice oval in Fort St. John or the Agri-Plex in Dawson Creek may not fit the criteria for Federal funding. Hill says projects have to pass the test of being a good use of the Canadian taxpayers` dollars.
So that leaves the question of who is going to pick up the tab for the Northern Sport Centre?
The total bill is supposed to be $31.6 million dollars. The Province has already kicked in $20.5 million. That leaves $11.1 million. There is no concern of cost over run as the construction contract is locked in at a set price.
The Northern Development Initiatives Trust has given a grant of $1,057,900.00 and the Regional District has borrowed $1 million. So the balance owing is now just a little over $9.42 million.
The City and University are supposed to share the balance, so that would mean the City is on the hook for $4.71 million in Capital costs.
If the Federal Government is not going to kick in some cash, one City official says the City has three options to get the money: borrow it, take it from reserves or boost taxes.
Keep in mind, the City is also committed to providing one third of the annual operational costs of the Sport Centre, an amount the Northern Sport Centre`s business plan pegged at $900 thousand dollars a year to be split equally between the University, the City and the Sport Centre operator.
So there`s another $300 thousand a year the City will have to set aside.
There is also the City`s share of the Regional District loan that will have to be repaid. That amount is about $160 thousand a year for 4 years starting in 2008.
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I figure the big promoters of the sports center were huge federal liberal supporters, combined with the mayors attack on our federal conservative MP's, and it is no wonder they struck back nixing the hostiles pet project. My bet is Dawson Creek and Fort St John will still get their funding, and PG will have to wait for another government before we recieve federal funding consideration of any kind.
PS If the city can afford $900,000 operating budget for the sports center than why not a few thousand to plow the trail systems (ie Cottenwood, Wilson ect) in the winter time.