City negotiating cost sharing for Sudbury's Kingsway Entertainment District

The work, at what is to become the future Kingsway Entertainment District in Greater Sudbury is moving forward.

On Tuesday, city council reaffirmed it was still interested in pursuing the project.

At the same meeting, the general manager of community development, Catherine Matheson, provided an update on the project.

Seven contractors have submitted bids for thetender for site preparation or grading work, on the property, which is on the Kingswaynear Levesque Street.

Matheson told city council that that contract has not been awarded yet, however she listed the price tag at $8.5 million. That is the lowest amount that came in from bidders.

Matheson says no money has been paid out from public coffers, because the partners are still ironing out a comprehensive cost sharing agreement.

"We are in the process in the negotiations for the cost sharing agreement related to that $8.5 million, plus we are looking at a cost sharing on the future operating costs, etc," she said.

"Our share would be what our value is determined to be in the negotiations, and each other party would have their share as well, so we share that cost," she added.

Councillor Mark Signoretti wondered why the project was proceeding despite appeals before the Local Planning Appeal Tribunal (LPAT).

"I don't think we should be spending any of taxpayers money on this project. If the developer wants to take all the risk then let him assume the risk, or let them assume the risk," he said.

The hearing for theappeals is scheduled for November.

Matheson is confident the Kingsway project will still go ahead, and says the other partners are still interested despite the LPAT hurdles.

"All parties are coming into the project with an investment of funds."

"The private sector is no different, in some respects, to the public sector. They calculate their risks as we calculate our risks. There's private money going into this knowing full well that there is an appeal going on," she said.

"They're willingly at the table moving forward and have calculated their risks, and continue to invest and move this project forward."

Matheson says they're not waiting for the LPAT decision since it would mean falling behind in the deadline for the project.