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Four-year Capital Plan includes significant investments for Vancouver

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DH Vancouver Staff Oct 02, 2014 8:16 am

Yesterday, Vancouver City Council adopted the 2015-2018 Capital Plan – a four-year financial plan for investments in the city’s facilities and infrastructure to support a wide range of services for residents, businesses, and people who visit and work in the city.

The $1.085 billion plan was presented to Council after two phases of comprehensive consultation and engagement with participation from over 3000 members of the public.

Drawing on community input, it establishes priorities for capital investments over the next four years in housing ($125 million), childcare ($30 million), parks and recreation ($155 million), community facilities ($55 million), civic facilities ($35 million), transportation ($150 million), utilities ($325 million), and emerging priorities ($75 million).

Highlights of the plan include investments that will:

  • Create 2,550 new units of social and supportive housing over four years;
  • Create 1,000 new childcare spaces over four years;
  • Establish three new parks in Downtown South, Marpole, and East Fraser Lands, and upgrade  park features, park infrastructure, and recreation facilities across Vancouver;
  • Renew and upgrade key community facilities such as cultural facilities, libraries and community centres, including the aging Britannia Community Centre and the Marpole-Oakridge Community Centre and Marpole Library;
  • Provide funding in support of public safety;
  • Upgrade crucial sewer and waterworks infrastructure; and
  • Provide funding support for new and renewed transportation infrastructure.

To learn more about the City’s Capital Plan for 2015-2018 visit vancouver.ca/capital-plan.

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DH Vancouver Staff
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