We are very excited to announce that the City of Coquitlam, the YMCA of Greater Vancouver and Concert Properties have formed a three-party partnership to build a new Coquitlam Family YMCA!
We all recognize the urgent need for a community recreation facility in the rapidly growing Burquitlam area. By working together, all parties are able to achieve much more on behalf of the community than what might have been achieved by acting alone.
The project includes construction of a 55,000+ square foot YMCA family recreation facility on the current Burquitlam Park site, as well as more than 2.55 acres of additional park space at Cottonwood Park contributed by Concert Properties.
"At the Y, we believe everyone can reach their potential when they are active, learning and connected," says 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.
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. Coquitlam's portion of the capital construction funding will be provided through Community Amenity Contributions, which means the new development––not taxpayers––will fund the City's portion.
The YMCA is 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.
With the partnership now in place and the site location confirmed, the Y will continue to gather input from the community on the planned amenities for the Coquitlam Family YMCA. This process will include meetings with Coquitlam residents, community groups and stakeholders.
Want to learn more? E-mail David.Woollven@gv.ymca.ca
*Photo courtesy of the City of Coquitlam