Council green lights funds for sports centre
By Shawn Logan
The Eagle
Cochrane will provide a temporary financial boost to the Spray Lake Family Sports Centre with a $310,000 injection to help until its donations come in, council decided Sept. 27.
Rick Erven, past-president of the Spray Lake Sawmills Recreation Park Society, told council the $5.8 million project, an addition to the Totem Arena that includes an indoor soccer facility and gymnasium, needs the additional funds to meet the terms of its development permit.
The town had previously donated $3 million to Phase 2 of the project that was built and administered by a non-profit society.
Erven said about $450,000 left of work remains to be completed including landscaping and paving the parking lot.
With some large corporate donors agreeing to pay off their commitments over the course of time, he said the bridge funding is needed.
“About $320,000 of corporate donations are scheduled to be paid out over the next three to nine years,” Erven said. “This means without (the town’s) assistance, we will run out of time allowed in the development permit.”
He noted the project has gone over budget by 1.5 per cent or $80,000, a number he called “acceptable” given the scope of the project.
The bulk of the bridge funding, approximately $270,000, would be paid back over the next four years, Erven said, and the society will commit to paying back $10,000 per year for another five years.
Erven added commitments from the major corporate donors are in place and with fundraising continuing, the society will work to pay off the bridge funding as soon as possible.
Council heard it had provided bridge funding for the first phase of the project to the tune of $180,000 over a 10-year period and annual repayments have continued on schedule.
“We continue to be self-reliant for operating costs and bear no burden to the taxpayers,” Erven said.
Councillors praised the project and the society before signing off on the funding.
Coun. Jeff Genung said he had no hesitation about providing the funding.
“It’s a solid repayment schedule and it shows a solid commitment from solid players in the community,” Genung said. “We have worked this model before and it’s worked successfully in the past.”

