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Kelowna  

$1B for new infrastructure

It could cost the City of Kelowna north of $1 billion over the next 15 years to replace old or build new infrastructure.

That's the conclusion of the 2030 Infrastructure Plan city council will review Monday morning.

The plan projects investment of $1.042 billion will need to be divided into three capital categories.

These include:

  • New capital - Infrastructure required to support enhanced service levels
  • Growth capital - Infrastructure required to accommodate growth
  • Renewal capital - Infrastructure to replace or renew existing ssets

According to the report, new capital accounts for $204 million (19 per cent) and growth capital $455 million (44 per cent).

There is an emphasis on asset renewal with approximately $383 million (37 per cent) allocated for renewal capital, which represents an average of $25.5 million each year.

Yearly anticipated spending ranges from $41.6 million in 2016 to $103.1 million in 2030.

It's projected $273 million (26 per cent) of funding will come from taxpayers, $207,000 (20 per cent) from Development Cost Charges, $185 million (18 per cent) from reserves and $140 million (13 per cent) from utilities.

A further $93 million would be borrowed while only $8.7 million (1 per cent) would be realized through grants.

Some of the larger priority projects include $159 million for new roads, $77 million for parkland acquisition, $71 million for active transportation projects, $55 million for vehicle and equipment renewal and nearly $20 million for two ice sheets and indoor soccer facility at Mission Recreation Park.

Future priority two projects include nearly $8 million for a future South Pandosy parkade, $5 million to upgrade the Apple Bowl, $38 million to replace the museum, $52 million for a new community theatre and $50 million for a Clement 2 to Highway 33 connection.

This, according to the report, is the first draft of the infrastructure plan. It will be amended as required to reflect council's infrastructure investment direction.

A public consultation process is also set to begin to engage public feedback.

This will include an online tool which will go live on the city website Nov. 12 along with face-to-face consultations at Orchard Park Mall Nov. 13 and 14.

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