How much will the new Coquitlam YMCA facility cost?

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.

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1. What is involved in this three-party partnership?
2. How does the community benefit from the three-party partnership model?
3. Why was Burquitlam Park selected for this facility?
4. Will this development result in a loss of parkland for the Burquitlam neighbourhood?
5. How was this project established?
6. How much will the new Coquitlam YMCA facility cost?
7. What is the overall cost to the City and the financial impact on Coquitlam taxpayers for this project?
8. Will the City have an ownership stake in the new Coquitlam YMCA facility?
9. What amenities will be located in the new Coquitlam YMCA?
10. What fee/membership model will the YMCA use for this new facility?
11. When will the Coquitlam YMCA be completed?
12. What is the expected timing for expansion to Cottonwood Park?
13. What facilities are proposed for the Cottonwood Park expansion?
14. What will happen to the existing rental housing owned by Concert Properties and located adjacent to the existing Cottonwood Park site?