News Items tag as: Kelowna infrastructure deficit

Kelowna city council exploring ways to fund roads, parks and civic buildings
April 01, 2019 - 3:07 PM

KELOWNA - Developers are going to be hit first but everyone paying to use a City of Kelowna service won’t be far behind as the city tries to dig its way out of its $478 million deficit for new roads, parks and civic buildings.
Extra tax hike every year won't be enough to pay for Kelowna roads and parks
December 03, 2018 - 4:00 PM

KELOWNA - Even if Kelowna hits taxpayers with an annual infrastructure tax, it won’t be nearly enough to pay for the $1.05 billion needed to build roads, parks and other facilities by 2027.
Infrastructure tax could be first of many increases to deal with Kelowna's $477 million deficit
November 30, 2018 - 3:30 PM

KELOWNA - A proposed 1.95 per cent infrastructure tax in 2019 is just one relatively small part of the hit Kelowna residents and businesses are likely to take in the next few years to ease a projected $477 million shortfall.
Kelowna looking at ways to cut into $463 million infrastructure shortfall
November 29, 2018 - 5:00 PM

KELOWNA - Over the next 10 years, the City of Kelowna wants to build more $1.05 billion in road, parks and other improvements, but only has about half that money budgeted.
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Completion of Okanagan Rail Trail's missing link finally in sight
The timeline for a completed Okanagan Rail Trail is becoming clearer with important paperwork expected to be complete before summer. The Rail Trail between Vernon and Kelowna is missing one important piece near the Kelowna International Air

Kamloops restaurant cites lack of staff, reliance on delivery apps for closure
A German restaurant and bakery in Kamloops is closing its doors and its owner cites a litany of reasons for the tough decision. On June 30, Passek's Classics will close its doors for the last time. "I feel really bad we had t

OSC withdraws some charges against former CannTrust leaders at pretrial hearing
VAUGHAN, Ont. - Three former CannTrust Holdings Inc. leaders accused of securities offences have had some charges dropped, the Ontario Securities Commission said Tuesday, though the fraud charges remain. The withdrawn charges against Peter

This B.C. highrise will be tallest in Canada outside Toronto
The dramatic increase in the number and height of highrises in Kelowna, and two coming for Kamloops, has a lot of people looking up, but a new tower in Burnaby is reaching all new heights. There could be 25 highrises in Kelowna's downto

Kelowna city council exploring ways to fund roads, parks and civic buildings