5 things

1 Why do we need a plan?

2 Which assets are priorities?

PRIORITIZING THE ASSETS

PRIORITY ASSETS

3 What are the recommendations?

GUIDELINES • • • • • •

Encourage planning for multifunctional use or consolidation of facilities Support existing investment strategies Focus on core assets that provide value and returns to the community Leverage existing land assets where possible Consider various funding and revenue challenges Prudent fiscal planning

4 What is the timeline?

Asset

Opt ion Opt ion 3 – Fire Hall 1 - Redevelopment of t he FH#1 on new

Fire Hall #1

sit e in close proximit y t o exist ing; exist ing Fire Hall sit e sold for redevelopment purposes.

Opt ion 3 – Fire Hall 2 - Redevelopment of t he FH#2 as st and-

Fire Hall #2

alone facilit y (no addit ional component s from FH#1 included) Cit y Hall - Opt ion 2 – Cont inue wit h maint enance as planned

Cit y Hall

/ project ed in FCI report ; ongoing renovat ions and upgrades

Ident ified Asset s

t o increase funct ionalit y & asset life Mem orial McLaren N ew 2-Ice

Memorial Arena - Opt ion 5 – Demolish exist ing Memorial Arena and convert t o parking McLaren Arena - Opt ion 3 – McLaren Arena is demolished, lot sold for commercial redevelopment aft er rezoning New 2-Ice arena - as per Arena St udy Library/ Museum - Opt ion 3 – NEW Combined art and

Library /

cult ure cent re, including Art Gallery, Library & Museum on

Museum

New Sit e and old Library/ Museum sit e sold (t he value of t he Museum/ Library port ion of t he combined asset only) Art Gallery - Opt ion 3 – NEW Combined art and cult ure

Art Gallery

cent re, including Art Gallery, Library & Museum on New Sit e and old Art Gallery sold (t he value of t he Art Gallery port ion of t he combined asset only)

Indoor Soccer

Indoor Soccer - Opt ion 3 – Cont inue wit h maint enance and cost s at planned and project ed funding levels; Cit y t o manage facilit y 1

2

3

4

5

6

7

8

9

10

11

12

Horizon Planning - Years

13

14

15

16

17

18

19

20

5 What are the benefits?

Environmental • Fewer and newer facilities reduces environmental footprint • Better energy efficiency

Social • Consultant focused on financial • Ability to improve accessibility • Minimal disruption • Modern functionality to enhance services • Opportunity to honor heritage • Facilities for today’s and future generations

Economic • Reduced capital investments of $20 million over 20 years (predicated on sale of lands) • Lower annual maintenance costs • Longer service life