What is the overall cost to the City and the financial impact on Coquitlam taxpayers for this project?
  • There will be no direct impact on the annual tax bill. Coquitlam will provide construction funding of $52.6 million, to be entirely funded by developer fees as these are paid to the City (Community Amenity Contributions).
  • The City’s capital costs include $42.4 million towards the community amenities and road improvements (including the realignment of Emerson Street), $5.5 million for Park-and-Ride parking, and $4.7 million for the new Community Police Station.
  • Overall, the City’s investments in this project will generate a total value in the range of $250 million for the community as a result of partner contribution and partnership benefits. The partnership agreement also shields taxpayers from the annual operating costs which will be funded by the YMCA for the life of the facility.

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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?