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EDC flags proposed reserve contribution to Sportsplex expansion; amount unclear
Summary
EDC told council the FY24–25 budget includes a below-the-line Sportsplex expansion entry and the EDC is proposing to use reserves to support the project; the exact figure in the transcript is garbled and requires confirmation from staff.
During the budget presentation, the EDC included a below-the-line entry for a Sportsplex expansion and told council the agency proposes supporting the expansion with funds from EDC reserves.
The presenter said the proposal 'would come from reserves' and described future council support to help the program come to fruition. The numeric amount read in the transcript is unclear — rendered as '1,000,000 and $0.5' — and the presenter did not provide a clarified dollar figure during the workshop; staff follow-up and written budget documents are needed to confirm the exact proposed contribution.
Council discussion touched on funding options and land-availability constraints for sports facilities; the presenter noted land acquisition could be required if the council wishes to pursue sports facilities in the long term.
