The central Alberta city of Wetaskiwin, known as the car-buying capital of Alberta, has rolled closer to a fancy new aquatic centre, but not without agreeing to take on more debt.
In a split vote, the council for the city of 12,000 a half hour southeast of Edmonton, voted to approve a borrowing bylaw that will see the city take on up to $12 million in new debt for the Wetaskiwin Regional Aquatic Centre.
The facility, viewed by some as a key piece for shopping, in-migration and related economic activity in Wetaskiwin, is expected to cost about $22.4 million, compared with about $18.6 million that was initially estimated. It will replace a 30-year-old facility.
The County of Wetaskiwin is contributing $4 million to the new project in the agriculture/oilpatch/retail-service centre.
–- Compiled by Dave Husdal
from Western Investor February 2012
