Penticton Western News, December 18, 2013

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NEWS PENTICTON WESTERN

www.pentictonwesternnews.com

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news

Penmar Society taps city coffers for grant

VOL. 47 ISSUE 101

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Nurturing relationships puts Corfield in Top 40

10 page

WEDNESDAY, December 18, 2013

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entertainment Cressman Coming Home

sports Vees extend win streak to eight

for Christmas

with big wins on Vancouver Island

CITY ON HOOK FOR CHALLENGE BUDGET DEFICIT

NEWS PENTICTON WESTERN

Shortfall could hit $200K

“They’re not handing us over any money at all. “All they’re doing is backing us. City taxpayers will be on the hook “If things went sideways, they if the Challenge Penticton triathlon would be responsible.” fails to emerge from red Rennie would not disink that’s expected to tocuss registration numbers tal $200,000 for the race’s for 2014 because that too inaugural year. could give competitors a The city owns the leg up, she said, but alChallenge-brand licence, that the society exI won’t confirm lowed which it assigned to a pects it will take up to five non-profit society, so it or deny that. years to make a profit, is ultimately responsible which would be disbursed for any debts incurred, — Mayor Garry Litke to community groups, on confirmed Mayor Garry what is essentially a new Litke. race. Sources with knowl“For us, this year was edge of the race’s finances extreme in the sense that have pegged the 2013 loss we’re building from the at $200,000. ground up,” she said. “I won’t confirm or deny that,” Besides covering startup costs, she said Litke, who claimed some of the said the city agreed, prior to the forsociety’s records contain “proprietary mation of the society, to allow athletes information.” until July to withdraw from the event Penticton Triathlon Race Society and have their full $675 registration president Paulette Rennie also de- fee refunded. clined to comment on the expected Rennie estimated upwards of 150 loss, noting year-end financial state- racers took advantage for a loss of revments are still being prepared and enue of about $100,000. such information could give competiLitke said the city knew the annual tors an advantage. triathlon would struggle as it switched She clarified, however, that the city brands from Ironman to Challenge is only acting as guarantor on a line after the 2012 event, and will remain of credit. patient. “They’re not cutting us a cheque or See CHALLENGE on page 3 anything,” Rennie said. Joe Fries and Steve Kidd Western News Staff

CHRISTMAS MOOSICAL — Emily Mottershead of West Bench Elementary School performs

in the recent winter concert at West Bench. Schools throughout the district are holding their Christmas and winter events prior to the upcoming holidays. For more photos see page 22.

Mark Brett/Western News

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