The final project budget is approximately $77 million. This reflects fine-tuning of the scope and amenities, along with changes to market conditions, significant cost escalation and an increasingly challenging construction market in the four years since the agreement was reached.
The capital construction costs for this facility will be jointly funded by the City of Coquitlam and the YMCA of Greater Vancouver. Coquitlam’s portion will be provided through Community Amenity Contributions (CAC), which means that new development - not taxpayers - will fund the City’s portion. The YMCA’s contribution will be multi-sourced, including a community capital campaign.