|Council approved plans to make application for some additional
funding opportunities with NDIT for the CN Station project
Prince Rupert's City Councillors decided to follow the advice of staff on Monday evening, approving a plan to apply for some additional grant funding through the Northern Development Initiative Trust towards their CN Station Revitalization project on the Prince Rupert waterfront.
The City Council Agenda for Monday evening made note of a Report from Paul Venditelli, Manger of Transportation and Economic Development which provided some background on the funding opporunity.
|Report for Council on funding opportunity
for the CN Station renovation plans
(click to enlarge)
Mr. Venditelli was not in attendance at the Monday Council session, so the verbal review of the NDIT funding was provided by the city's Corporate Administrator Rosa Miller.
In her review, Mrs. Miller outlined how the 5.3 million dollar CN Station revitalization project fit into the City of Prince Rupert Vision while also meeting many other aspects of funding, such as job creation, improved tourist amenities and developing a new local destination.
She observed how the bulk of the project is funded through a Northern Capital grant, and then highlighted how those elements match up within the scope of a grant program with the Northern Development Initiative Trust, with the city to seek 300,000 dollars from that funding program towards the project.
The report published in the Agenda from Mr. Venditelli also noted that following revitalization of the asset the City intends to lease the space for commercial purposes to Wheelhouse Brewing.