The City of Winnipeg's newest police station has a new owner: the City of Winnipeg.
City council voted unanimously Wednesday morning to to borrow $16 million to purchase the Winnipeg Police Service's South District station, which is under construction on Grant Avenue under a public-private partnership between the city and Shelter Canadian Properties.
Last year, the city awarded Shelter a 30-year contract to build, finance and maintain the 33,000-square-foot South District Station, which will replace the District 2 Station on Lyle Avenue in St. James and the District 6 Station on Pembina Highway in Fort Garry.
The design of the new station is a near-copy of the East District Station built on Dugald Road by a Shelter-affiliated company.
The city planned to lease back the new South District Station at a cost of $1.17 million a year for the first five years, according to budget documents. But low interest rates mean it made more sense for the city to purchase the station outright.
Buying the station now -- even before it's complete -- will save the city $9.7 million over 30 years, according to a report to council.