How much will the plan cost? Who is paying for it?
Great things only get built when they are top priority.
The preliminary project budget is $45.1 million. This “all-in” estimate includes construction, soft costs, planning and a seven per cent contingency.
The City of Fredericton will contribute the site and $14 million from its long-term financial planning. A combined $28-million request has been made to the provincial and federal governments. The remaining $3.1 million would be raised from local governments and private donors.
By comparison, the overall cost, in 2018 dollars, was $37 million for the Grant Harvey Centre, $22.4 million for Willie O’Ree Place, and $53 million for the Fredericton Convention Centre and East End Parking Garage.