So I see that the Gallant Liberals are on the cusp of announcing the new policy to be applied to funding requests for recreational infrastructure. Victor Boudreau gave the T&T a "sneak peek" today. I think the provincial government must be feeling the heat on the events centre issue.
Any application for funding will require:
- a needs assessment.
- a business plan
- municipal support
- strong community and private sector support
- sustainability without ongoing government assistance
- success indicators and tangible measurements of economic benefits
- demonstrate reasonable payback and return on investment for the province
- a written commitment to cover cost overruns, annual operating/maintenance costs and a reserve fund for capital repairs
- be in a strategic location that supports new or existing development initiatives
- demonstrate compliance with all relevant legislation, building code and regulatory requirements, and where possible use NB goods and services
- demonstrate that all required financing be in place prior to government funding being issued
- leverage funding from federal, local and/or private sources
- align with the provincial wellness strategy
Some of these requirements will already have been done by the city. Others might be hard to do without the councillors having a chance to actually view the RFP's and negotiate with the potential builders. There might have to be some give and take here, with the province giving provisional support based on the final design of the project.
Regardless, there has been some movement on this file, and perhaps we might yet see the RFP's being opened up sometime this summer. I certainly hope so. Right now, we are all arguing in a vacuum with a paucity of meaningful information out there to allow people to make an informed choice. It will be interesting to see what transpires in the next few weeks.