Coquitlam, BC – March 14, 2016 – The City of Coquitlam, the YMCA of Greater Vancouver and Concert Properties are moving forward with a three-party partnership that will deliver two major community amenities in the Burquitlam neighbourhood.
The project includes construction of a 55,000-plus sq. ft. YMCA family recreation facility on the current Burquitlam Park site, as well as over 2.55 acres of additional park space at Cottonwood Park. Both amenities will be located in the heart of Burquitlam area and respond to the recreation needs of this evolving Coquitlam neighbourhood. The project will also realize the development of 2.1 acres on the Burquitlam Park site for a mixed-used development, led by Concert Properties. One-and-a-half acres on that site will be retained for public open space. The deliverables of this partnership are subject to rezoning approval for the mixed-use development on the Burquitlam Park site.
The partnership between the City, the YMCA and Concert Properties recognizes the need for a community recreation facility in the Burquitlam area, while using an innovative partnership to bring the project to reality. By working with these private partners, the City leverages and safeguards its land assets while still delivering a major recreation facility within a project that will generate a total project value to the City in the range of $100 million, including capital and operating funding from the YMCA, financial contributions from development, and land for park space provided by Concert Properties.
Project Fulfills City’s Promise to the Community
The City of Coquitlam is providing the land at Burquitlam Park as well as $25 million in capital funding for the construction of the YMCA recreation facility as well as associated community amenities. The Burquitlam Park site selection for the YMCA reflects that these lands were originally acquired by the City in the 1970s for the purpose of accommodating a future recreation facility. This was reaffirmed in 2002 through the Burquitlam Neighbourhood Plan.
Coquitlam’s portion of the capital construction funding will be provided through Community Amenity Contributions (CACs), which means that new development – not taxpayers – will fund the City’s portion.
“This project fulfills the City’s promise to provide a recreation facility to the Burquitlam neighbourhood,” said Mayor Richard Stewart. “Both the new YMCA and the expansion of Cottonwood Park will be great community assets. And, through the innovative partnership with the YMCA and Concert Properties, we will achieve substantial community and financial benefits for Coquitlam residents – much more than what might have been achieved by acting alone.”
YMCA Provides Experience and Expertise
The YMCA is also providing capital funding for construction, valued at $19 million, as well as all operating costs for the life of the facility, valued at $1 million annually. The YMCA’s contribution will be multi-sourced, including a community capital campaign.
As a result of the shared capital funding derived through the partnership, the Coquitlam Family YMCA facility will include a pool and be double the size of the community centre the City had originally planned for this area. In addition, the project draws on the YMCA’s 129-year history of successfully operating recreation facilities and delivering community programs in order to provide a safe and inclusive centre of community in the Burquitlam area.
“At the Y, we believe everyone can reach their potential when they are active, learning and connected,” said Stephen Butz, President and CEO of the YMCA of Greater Vancouver. “By working together through this landmark partnership, we are able to provide a generation of children and families in the Burquitlam Community with a facility that will help the whole community be more healthy and engaged.”
Concert Properties Contribution Delivers Expanded Park Space
Within the context of the project, Concert Properties will develop 2.1 acres of the Burquitlam Park site to include the YMCA facility within a mixed-use development. The development will also provide both market and non-market housing, as well as additional park-and-ride spaces to serve the Evergreen Line and additional community amenities, such as a Community Police Station. In return, Concert is providing 2.55 acres of land to more than double Cottonwood Park from 2.2 acres to 4.75 acres. Combined with Burquitlam Park, this represents a net increase of about 0.5 acres of park space.
“In keeping with our long history as a community builder, we are proud to be partnering with the City of Coquitlam and the YMCA of Greater Vancouver to deliver what is sure to be a truly-valuable amenity for the west Coquitlam community,” said Brian McCauley, Concert’s President and Chief Operating Officer. “Through the knowledge and experience gained from having already successfully worked with the YMCA of Greater Vancouver to deliver their state-of-the-art, Robert Lee YMCA in downtown Vancouver, we are confident in our ability to deliver once again.”
Consultation for YMCA Facility Design to Inform Next Steps
With the partnership now in place and the site location confirmed, the project partners will continue to gather input from the community on the planned amenities for the Coquitlam Family YMCA and the expanded Cottonwood Park site. This process will include meetings with Coquitlam businesses, residents and community groups.
The full list of amenities for the new Coquitlam facility is yet to be determined. However, a typical YMCA provides access to:
- 55,000 square feet of space, with underground parking
- Indoor pool to provide a range of recreation, teaching, fitness and rehabilitative programming
- Change rooms that cater to all ages and abilities, including family change rooms
- Public spaces and common areas
- Gymnasium, studios, and strength and conditioning zones
- Multi-purpose rooms to offer a broad range of child, youth and community programs
- Childminding to allow parents and caregivers time to work out
- Family Development Centre to help families raise great kids through programming, resources and support
The target date for completion of the expanded Cottonwood Park is early 2019, and the anticipated opening of the Coquitlam YMCA is early 2021. The intent is to have the park expansion substantially complete before beginning the construction work on the Burquitlam Park site.
For more information on this project, please read the fact sheet and visit www.gv.ymca.ca/CoquitlamFamilyY orwww.coquitlam.ca/ymca.
- 30 -
About the City of Coquitlam
Coquitlam is home to more than 141,000 people and is a vibrant, regional centre in the lower mainland of British Columbia. The City is positioned to experience significant growth over the next 25 years, with the population expected to reach over 220,000 by 2041. Coquitlam is committed to carefully managing the City’s future while continuing to deliver the highest level of service to the community through leadership, sustainability and innovation.www.coquitlam.ca
About the YMCA of Greater Vancouver
The YMCA is a cause-driven charity, a powerful association of men, women and children of all ages and abilities joined together by a shared commitment: to strengthen community. We accomplish this goal by helping vulnerable children and families, promoting healthy living and fostering belonging and connection. In 2014 alone, the YMCA helped more than 108,000 children, youth, adults, families and seniors become stronger through life-enhancing programs and services. The YMCA of Greater Vancouver has been serving the Lower Mainland for 129 years and currently offers programs at 185 locations. www.gv.ymca.ca
About the Concert Properties
Founded in 1989, Concert is active in developing rental apartments, condominium homes and retirement communities, acquiring and developing commercial, industrial and infrastructure properties and in property management. Since its inception the company has been focused on giving back to the communities where we work, live and build. Specifically, Concert provides direct investment to socially conscious community development projects as well as encouraging staff and tenant participation in specific hands-on community-oriented activities. With operations in British Columbia, Alberta and Ontario and the backing of more than 200,000 Canadians represented by the union and management pension plans who own Concert, our commitment is to build strong, sustainable communities across Canada.www.concertproperties.com
Kathleen Vincent, Manager
City of Coquitlam
Kelly Walker, Director
Marketing & Communications
YMCA of Greater Vancouver
Corporate Marketing & Communications
Manager, Concert Properties