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PROPOSED
Crystal Pool and Wellness Centre
Use: commercial
Address: 2275 Quadra Street
Municipality: Victoria
Region: Urban core
Storeys: 2
The City of Victoria is exploring the option of replacing the aging Crystal Pool Fitness Centre with a modern ... (view full profile)
Learn more about Crystal Pool and Wellness Centre on Citified.ca
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Crystal Pool


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1145 replies to this topic

#1141 Jacques Cadé

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Posted 17 September 2018 - 06:11 PM

The City has $197 million in reserves, according to page 59 of the 2017 annual report, posted at https://www.victoria...ual-report.html. $131 million is in the "equipment and infrastructure replacement fund". Sounds like a lot, but much of that goes to new police cars, etc. And as you note, a bunch of it is being tapped for the fire hall. It's hard to know how much can be allocated to the pool before it starts affecting other parts of City operations.



#1142 Midnightly

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Posted 17 September 2018 - 06:16 PM

shouldn't reserve funds be set aside for emergencies, things that happen that the budget isn't big enough for? or an unexpected expense (for example snow removal.. some years the city goes wildly over budget other years not so much)   you never want to eat into your reserve funds unless it's a need... along that note.. does anyone know how much the city has sitting in reserve funds?

 

has reserve funds partially paid for the overage of the bridge?



#1143 Mike K.

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Posted 17 September 2018 - 06:17 PM

$36 million is the firehall budget. But that doesn’t include the potential sale of 1234 Yates.

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#1144 Midnightly

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Posted 17 September 2018 - 06:19 PM

The City has $197 million in reserves, according to page 59 of the 2017 annual report, posted at https://www.victoria...ual-report.html. $131 million is in the "equipment and infrastructure replacement fund". Sounds like a lot, but much of that goes to new police cars, etc. And as you note, a bunch of it is being tapped for the fire hall. It's hard to know how much can be allocated to the pool before it starts affecting other parts of City operations.

 

 

thanks for posting.. and i agree $131million doesn't go far when you consider what it is to be used for.. like upgrading infrastructure (the city plumbing which i remember reading has been underfunded too long)


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#1145 spanky123

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Posted Yesterday, 07:27 AM

Before we start reallocating reserve funds, the City needs to understand what its actual infrastructure deficit is.


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#1146 Nparker

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Posted Yesterday, 07:30 AM

What spanky123 said.



 



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