KAMLOOPS THIS WEEK FRIDAY |
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30 CENTS AT NEWSSTANDS
OCTOBER 23, 2015 | Volume 28 No. 128
CARE TO BUY INTO A RESORT? Sun Rivers is seeking investors and capital as it aims to finish its build-out in the next eight years A7
POT PROTOCOL How will Justin Trudeau and Liberals fulfil promise? A21
PAC’N THE DEBT
HEATING UP
Blazers on winning streak entering tonight’s home game A14
TODAY’S WEATHER: Sunny High 13 C Low -1 C
With the arts-centre vote looming, we look at the city’s debt now — and with the arts-centre tab Story/A6
POLICE SERVICES: $1.6 MILLION
CITY BUILDINGS: $4.2 MILLION
Estimated annual debt-servicing payment: $12.9 million Current total debt
100.9 million Debt servicing as percentage
$
of recurring revenues: 8.4% WATER FUND: $18 MILLION
SEWER FUND: $25.6 MILLION
FIRE SERVICES: $5.6 MILLION
Estimated annual debt-servicing payment w/ Performing Arts Center: $15.9 million
Total debt w/ Performing Arts Centre GENERAL INFRASTRUCTURE: $8.4 MILLION
149.9 million Debt servicing as percentage
$
of recurring revenues: 10.4% Allowable maximum debt servicing: 25% TOURNAMENT CAPITAL PROGRAM: $27 MILLION
LANDFILL: $10 MILLION
REPAYMENT TIMEFRAME ON ALL CURRENT LOANS RUNS BETWEEN 2016 AND 2032 ALL FIGURES ARE ESTIMATES
Thank You Kamloops for your Business Excellence Nomination! Volkswagen of Kamloops: Community Service Provider Remember, our 2015 VW Model Clearout Event is on now until October 31st!