Great News for New Westminster's Waterfront

Finally New Westminster will be getting the waterfront facelift They've been promissed for a long time.  Federal money is enroute for the already planned park next to the Quay along the Fraser River.

Click Here to read the full story in the New \westminster Leader

 

Construction of the proposed Westminster Pier park could begin early next year.

“Hopefully within a few months,” said Paul Daminato, City of New Westminster administrator.

The city learned last Thursday it was receiving $16.6 million in federal and provincial government funding to pay for the environmental cleanup of the former industrial site and construction of a 9.5 acre riverfront park.

Despite learning of the funding announcement just a week ago, work on the project is well underway.

An initial environmental assessment of the pier is complete and conceptual park designs were finished as part of the application for the infrastructure funds.

The lands have even been rezoned from industrial to parkland.

Work on the park is expected to be completed by March 2011.

“The next step is more technical, detailed work,” said Daminato. “We also need to determine how we’re going to manage the project.”

The park is expected to cost $24.9 million. New Westminster must come up with an $8.3 million one-third share as part of the agreement.

The city plans to sell property and borrow money from the Municipal Finance Authority to come up with its share.

New Westminster’s windfall is part of a federal-provincial announcement of $719 million in grants for infrastructure projects.

New West bought the Westminster Pier property last March from an Alberta development company for $8 million and soon after applied for the infrastructure financing.

The city’s application included a conceptual park design with an entrance plaza and turnaround at the foot of Sixth Street, a waterfront restaurant with a patio, a spraypark playground, a riverfront walkway, a day moorage marina, lawn areas, a pedestrian plaza and hard surface sports court areas.

 

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