City to borrow $16M to buy P3-built police station
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Hey there, time traveller!
This article was published 07/06/2013 (4597 days ago), so information in it may no longer be current.
The City of Winnipeg is poised to borrow $16 million to buy a police station originally built under a public-private partnership.
On Tuesday, council’s property committee will consider a proposal to buy the new South District police station, which is being built by Shelter Canadian Properties on Grant Avenue land the city owns.
A report to the committee says the city will save $9.7 million over 30 years by acquiring the station instead of following through with the public-private partnership. Low interest rates are to blame for the switch, said property committee chairman Jeff Browaty (North Kildonan).
In 2012, Mayor Sam Katz stood before the Grant Avenue site to trumpet the value of public-private partnerships. “Public-private partnerships provide clear value for taxpayers,” he said at the time.
The mayor said in an interview he still believes public-private partnerships provide excellent value for the city. He cited the Disraeli Freeway reconstruction and Chief Peguis Trail extension as examples of successful public-private partnerships.
The new South District station will replace the District 2 Station in St. James and the District 6 Station in Fort Garry.
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History
Updated on Friday, June 7, 2013 7:16 PM CDT: Adds mayor's views on Disraeli Freeway, Chief Peguis Trail.