Total cost for Regina catalyst committee projects could top $490M - Action News
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Saskatchewan

Total cost for Regina catalyst committee projects could top $490M

The five major projects being shepherded by Regina's catalyst committee could shape the city's downtown for decades to come.

Committee has held its final public consultation

A Regina resident views some of the information boards about five potential projects that could shape the city's downtown for decades to come.
A Regina resident views information boards about five potential projects that could shape the city's downtown for decades to come. (Alexander Quon/CBC)

After nearly a week of presentations,Regina'scatalyst committee'spublic consultations have wrapped up.

The wide-reaching mandate of the committee has made it hard to get acomprehensive view of what the fiveprojects it is shepherding will look like and the enormity of the financial decision that will eventually be placed in front of Regina city council.

Now that the eight meetings spreadover four days are over, there is more information available.

According to presentations offered on each day, and the comments made afterwards during Q and A sessions and scrums with the media, here are what the projects could cost:

In total, the price tag for the projects being examined by the catalyst committee could top $490 million.

For the sake of comparison, Mosaic Stadium was a $278 million project.

LISTEN|Regina's catalyst committee gathers public feedback on downtown plans

That total comes with the caveat that theseare only preliminary figures and many of the estimates were calculated in 2020 or 2021, before this year's inflation.

The costs are market dependent, and labour and materials couldbe significantly more if these buildings were to be built right now, according to Tim Reid, co-chair of the catalyst committee.

"The cost of inflation right now, I think on these projects, needs to be recognized as a significant risk. That may change in the next year, but right now we're seeing inflation on, frankly, the cost of borrowing and the cost of construction," Reid said on Tuesday.

"It'ssomething we haven't seen in 25 years in Canada."

Criticism and questions remain

The committee has taken a lot of criticism about its approach to public consultation being rushed.

With each day project getting one day or less during this week's consultations, residents complained that the committee was moving too quickly.

Attendees expressed concern that each of these projects were big enough to warrant their own full periods of public consultation.

Coun. Bob Hawkins, who serves as co-chair for the committee, said city councilwill still be required to hold public consultations for any of the projects it decides to move forward on.

He added that residents who were unable to attend the public meetings could provide feedback through a survey on the city's website.

Hawkins said he was happy withhow consultations have gone, in spite of the criticism.

"I was pleased about the openness of the community to the idea of planning. I think the message is that we're not going to do all this tomorrow. This is a long term plan. We want to be shovel ready when funding opportunities come up, and I think we've contributed to that," he said.

Officials said they were on track for total attendance ofabout 1,000 at the public meetings by the end of Thursday.

Regina residents examine information about a potential new indoor aquatics facility during public consultations presented by the catalyst committee at Mosaic Stadium.
Initial estimates put the combined cost of the five projects at $490 million. (Alexander Quon/CBC)

Earlier this week the committee revealed that its pace is driven by a mid-March deadline for federal funding that could be applied to the aquatic facility.

The committee says theInvesting in Canada Infrastructure Program (ICIP)would cover about 45 per cent of the $172 million estimate for the new aquatic centre if the funding bid is successful.

However, ICIPwas originally intended to cover transit infrastructure.

City council has already voted to attempt to use that funding for the new aquatic facility, but there's noguarantee that the federal government will allow the city to do so.

That raises another issue about the catalyst committee. It's not clear how these projects will be funded.

The committee wasn't tasked with solving the funding issue. It will be up to council to decide which projects it wants and how it might secure funding for them.

Committee members stressed that the city is looking to be the sole owner in many of these ventures.

With recentmeetings of council being dominated by some members opposing a mill rate increase, it's unclear how these projects will get funded.

The catalyst committee's report is due to be submitted to council by the end of 2022.