How will the City fund the additional amenities required to support the additional density and population?

Coquitlam has long believed that development must fund the additional amenities and infrastructure required to support the associated community growth. Through Development Cost Charges, Density Bonusing and Community Amenity Contributions, Coquitlam has ensured that development is used to fund things like roads, parks, new recreation centres, affordable housing and child care. 

The provincial legislation creates new financing tools including expanding what can be included in Development Cost Charges (DCCs) and a new Amenity Cost Charge (ACC) to fund the projects required as the Coquitlam grows. However, the new rules also limit the City’s ability to continue with the existing Density Bonus system, which will likely have a significant impact on the delivery of future amenities in the City

For example, looking at the 27 development applications currently in progress in transit-oriented areas, the Density Bonus contribution would exceed $365 million to the City. This is funding already earmarked for projects such as the Northeast Community Centre, improvements to Blue Mountain Park, and the City’s Affordable Housing Reserve Fund and Child Care Partnership Reserve Fund. Funding for all of these projects is in jeopardy.

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