LETHBRIDGE: The federal government will soon decide if Lethbridge is eligible for a special funding model that could make two major projects possible. Three days before the application is due, city council approved a funding proposal that would support a new community leisure centre and an improvement plan for the County of Lethbridge airport. But Mayor Raijko Dodic says details are few at this stage.
"It's like a staircase. We're only getting up the first stair, then there's this huge process," he said after the vote. The type of funding the group is applying for would be part of a "P3 partnership," which is a model where costs are shared between a public group - like Lethbridge's municipal government - and a private business. The one-page resolution presented to council the day of the vote had few details on the proposed projects, but city staff say details aren't necessary at this "exploratory" stage.
Meanwhile, Dodic says they're weighing several options when it comes to funding such large projects slated in the Capital Improvement Plan. Calling the P3 proposal one of "many" strategies to be explored, Dodic says the final decision will be measured against what can best benefit the community. "The bottom line is it has to be a demonstrated and provable benefit to the taxpayers."
Posted on Monday, June 27, 2011 at 3/7/2014 8:42:30 PM
Source: Marion Warnica, Country 95 News -- photo by Country 95 News