[Bunk]

I’d guess that the Field House, our main local cost will get covered by existing taxes, as the Mayor alluded to in the exchange in the CBC panel with Trevor Tombe.

There was a 10 yr allocation of an annual capital fund of $42m (from the 2011 tax room), called the Community Investment Fund. It was specifically for community, social and recreational capital infrastructure. $135m from that fund went to the Central library, a whack of it went to the four big new rec centres (Rocky Ridge, Seton, Quarry Park and Great Plains) and a bunch of little things like roof repairs to pools and stuff. My understanding is that allocation ends in 2021, so the City could do a ten year renewal of that fund and pay for the Fieldhouse (#1 priority on the community and rec priority list) and other stuff and your taxes would not be affected at all assuming they do not add a bunch more projects to the games. The Mayor alluded to this fund as a likely source for the Fieldhouse. I helped in the creation of that fund when P3 Canada funding evaporated in front of our eyes for the 4 rec centres and there were literally no grants available for this type of infrastructure.