Council debates $87 million capital budget

Red Deer City council will debate the 2011 capital budget today which totals $87 million.

Council will consider 84 projects in the capital budget, the largest project being the multi-year Riverlands subdivision development at a cost of $17.8 million to prepare City owned lands for future development.

Other projects include park land acquisition including the Bower Natural Area and Heritage Ranch redevelopment, the Gaetz Ave. revitalization, the realignment of 55 St. and railyards development, phase one of Garden Heights and other engineering projects.

“This budget will be very tough,” said Mayor Morris Flewwelling. “We’ve been able to fund the 10-year capital plan but in doing so we’ve had to push off some projects.”

The City is estimating its allowable debt limit for 2011 to be about $376 million.

In addition, council will review the City’s 10-year capital plan.

“The 2011-2020 capital plan is designed to keep the City on track towards our long term vision while responding to the economic recovery,” said Craig Curtis, City manager. “We had to make substantial revisions to the capital plan this year with 23 projects deferred within the plan or pushed out to the year 2021, and five projects removed from the capital plan.”

Deferred projects in the 10-year capital plan include phase one of the Civic Centre, streetscape upgrades on Alexander Way as well as major upgrades to Gaetz Ave. and an expansion to the Collicutt Centre as well as a 50 metre pool.

Projects removed from the plan include the Museum Centennial project and a performing arts centre and concert hall.

“We have certainly slowed the budget and I think there is as much disappointment internally as there is going to be externally as we take this budget forward,” said Flewwelling. “We simply don’t have the luxury of the funding to do all of the things we’d like to do.”

The capital plan for the next 10 years totals $1.6 billion based on current projections.

The 10-year plan projections are intended as estimated placeholders and planning tools which show future need.

A project’s inclusion in the 10-year capital plan does not mean that it is going ahead, it means that the City is considering it, planning for it and considering financial options.

In addition, City council will debate and ultimately approve the 2011 capital budget at City Hall today.

efawcett@reddeerexpress.com

Just Posted

Innisfail RCMP respond to home invasion

Male victim sustained non-life threatening head injury

Mountie seriously injured in early morning collision near Devon

An erratic driver is said to have collided with an RCMP cruiser

Vehicle thefts in Red Deer on the rise

Over 1,000 vehicles stolen in the span of a few months

WATCH: Red Deer 9-1-1 dispatcher thanked for birth assistance

Stearns family appreciative to Holly Shrader for helping deliver baby

Superintendent Ken Foster sees progress in city policing

Red Deer RCMP Superintendent has been on the job for a year and has seen success

WATCH: Red Deerians come together to ‘light the night’

Traditional Red Deer Lights the Night sees thousands

BC RCMP hunt for white SUV that rammed cruiser

Kamloops RCMP are looking for a white SUV headed north on the Yellowhead Highway

Canadian screen stars want ‘action’ from industry meeting on sexual misconduct

‘Of course there’s been sexual harassment here. Absolutely. No question.’

Opioid prescriptions up across Canada: report

The report shows the number of opioid prescriptions rose by almost seven per cent, while daily doses on average dropped

Russian meddling has implications for Canada

Kosovo president Hashim Thaci warns that Russian meddling has implications for Canada

Health Canada hints at government’s plans for legal pot

Health warnings, plain covers for pot packs under proposed regulations

Washington governor tells BC don’t be ‘daunted’ by Trump

“I want to assure this assembly that no matter who is in the White House, it won’t affect Washington state’s relationship with Canada or British Columbia.”

Feds plan to spend billions on housing strategy

However much of the $15.9 billion will not be spent until after the next election in 2019

Most Read