The City of Lethbridge’s next 10 year capital budget has been set with the approval of the 2018-2027 Capital Improvement Program (CIP).
City Council met daily as finance committee from May 13-17 to discuss more than 100 proposed CIP projects and develop a draft CIP. At today’s City Council meeting, the CIP was officially approved along with funding sources for projects in the first four year window.
“In this CIP, council has made some very sound decisions for the future of our community,” says Mayor Chris Spearman. “We have put a strong focus on maintaining our current assets and ensuring the safety of our residents. We’ve also left some money in the bank which is an important safety net should capital projects come up that we weren’t anticipating.”
Some of the significant projects recommended for funding in the next four year window include: a new west Lethbridge fire station, Southern Alberta Art Gallery (SAAG) expansion, Nikka Yuko Japanese Garden Programming & Community Facility, planning and design of a Performing Arts Centre, design of Exhibition Park Trade and Convention Centre & Agriplex, 3 Avenue South Reconstruction and the twinning of University Drive West.
The funded CIP would include a total of $385 million in municipal 2018-21 capital projects in three major areas: Community Facilities ($145 million), Transportation ($70 million), and Utilities ($170 million). There is just over $10 million unspent CIP funding in the next four year window.
The complete draft 2018-2027 Capital Improvement Program can be viewed on line at: www.lethbridge.ca/CIP.