Vancouver City Council has approved $25 million in funding for several major capital projects. Funding for these projects will come from the $49.5 million grant received from the provincial government’s Growing Communities Fund.
The capital projects include:
- Beatty Street Bike Lane conversion to permanent configuration ($2 million).
- Transportation safety & accessibility improvements ($3 million).
- Marpole-Oakridge Community Centre renewal and expansion ($3 million).
- Downtown Eastside Fire Hall #2 Temporary Annex ($3 million).
- Renovation of Central Children’s Library – Phase 2 ($4.5 million).
- Construction of an artificial turf field at Moberly Park, construction of a spray park at Ross Park and conversion of temporary plazas to permanent facilities ($10 million in total).
Staff will be reporting back to confirm scope, cost and delivery timelines for these projects.
Staff will also report back with recommendations for allocation of the remaining $23.6 million of the Growing Communities Fund as soon as possible and no later than the 2023-2026 Capital Plan mid-term update scheduled for mid-2024.
On February 10, 2023, the provincial government announced the creation of the Growing Communities Fund, which is a $1 billion fund to address the cost of local government infrastructure required to support growing communities. The City of Vancouver received $49.1 million from this fund in March 2023.
The 2023-2026 Capital Plan was approved by council in June 2022, and presents a comprehensive overview of planned city capital investments in infrastructure and amenities which enhance the livability, sustainability and resilience of the city.
