Business Case Released for New Kamloops Performing Arts Centre Proposal….
Posted on: October 24, 2019 8:44 pm
by: Arjun Singh
I am hoping this building can be as energy efficient as possible and that the public subsidy is kept as low as possible.
Can this building actually have no net operating subsidy? A very ambitious goal for a public facility.
The forecast now is that there would be no net tax increase to fund the public share of constructing the building. The “mortgage” we have been paying for the Tournament Capital facilities is coming off and can be rolled over into a performing arts centre project.
That leaves operating costs. Right now, the business case calls for $703 000 taxpayer contribution in year one, decreasing to $383 000 taxpayer contribution in year five.
There is a lot of amazing plans for this proposed venue.
The Kamloops Centre of the Arts Society’s website is full of great information. The key aspect, it seems to me, is whether there is general support for the capital and operating contributions (which are listed as maximums in the business case) among Kamloops citizens.