How does the community benefit from the three-party partnership model?
  • Through this partnership model, all three partners can achieve much more by working together than by acting alone. For example, the planned YMCA will be almost double the size of the original community centre Coquitlam had planned for the site, and include a pool and other features the City had not proposed.
  • In addition, the City will draw on the YMCA’s extensive experience operating recreation facilities and delivering community programs to provide a safe and inclusive community hub in the Burquitlam area. This benefit is further enhanced by cost savings to Coquitlam taxpayers, as the YMCA will be responsible for all ongoing operational costs for the life of the facility.
  • By adding Concert Properties to the partnership, the City of Coquitlam will leverage a land development opportunity to bring further value to City-owned land while providing much-needed community amenities - including land and funding for the expansion of Cottonwood Park - at no cost to the Coquitlam taxpayer.
  • In addition, Concert Properties brings 30 years of real estate development experience, which includes having worked with the YMCA of Greater Vancouver to successfully deliver their Robert Lee YMCA in downtown Vancouver.
  • In partnership with Concert Properties and the City of Coquitlam, 43 Housing Society (a sister organization to SHARE Family and Community Services Society) will operate 100 non-market suites through a 60-year lease. The Housing Agreement outlines that up to 100 non-market suites will be delivered within a 308-suite rental building, with federal funding support.