Looks like it's happening....
Auchmar tops city's $14.4m wish list
Council to debate applying for federal cash
November 23, 2009
Dana Brown
http://www.thespec.com/News/Local/article/677775
The city is looking to apply for $14.4 million in new funding from the federal government, a good chunk of which they hope will allow it to revamp the Auchmar site.
City councillors will discuss the proposal from staff to apply for the funds at a meeting Monday.
If approved, the cash would come from the Southern Ontario Development Program, which seeks to promote innovation, diversification and economic development.
There are three projects on the city’s wish list, starting with a plan to create a business development proposal to form to the Hamilton Waterfront Development Corporation. The cost would be $100,000.
Next, the city is looking at a $4.3 million project to revamp Frid Street in the west end as part of a planned innovation district expansion. Some funding is already available for that project.
Last is the $10 million Auchmar project.
Under the funding rules, up to 50 per cent of total costs are available for capital projects and up to 75 per cent is available for non-capital projects. It’s expected those applying for cash will kick in at least 10 per cent of the overall cost.
The deadline for applications is Dec. 1.