CentreVenture not worried about end to city funding
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 28/11/2017 (2904 days ago), so information in it may no longer be current.
The head of Winnipeg’s downtown development agency isn’t losing sleep over the city’s plans to stop funding the agency in 2018.
“We are not concerned about the budget reduction,” CentreVenture Development Corporation president and CEO Angela Mathieson said in an email on Monday.
“We have a business plan approved by our board that eliminates the grant in lieu of other revenue sources. The city is currently reviewing that plan, and we are working with city staff to prepare a report for council consideration… in 2018.”
Mathieson declined further comment until after the report is released. A spokesman for the mayor’s office also noted CentreVenture has been preparing a new business plan, which outlines how it plans to become self-sufficient. He, too, said CentreVenture’s report will be coming before city council in the new year.
The 2018 city budget calls for the city’s $600,000 annual operating grant to CentreVenture to be eliminated. However, Mayor Brian Bowman has been quoted as saying that doesn’t mean the city is looking at winding up the agency.
“They’ve been doing great work in the community and we want that to continue,” he said.
City council asked for a review of CentreVenture’s mandate in 2015, and that’s what led to the arm’s-length agency developing a plan for becoming self sufficient.