By Al Beeber - Lethbridge Herald on November 17, 2022.
LETHBRIDGE HERALDabeeber@lethbridgeherald.com
A request by Opportunity Lethbridge for more than $4 million in grant funding was denied Wednesday by city council acting as Economic Standing Policy Committee during deliberations on the 2023-26 budget.
The initiative, which would have cost taxpayers more than $1 million annually over the four-year budget cycle, was aimed at creating a fund to provide financial incentives through several supports.
Those would have included:
– Continuation of existing urban core revitalization with proposed policy amendments.
– Continuation of Crime Prevention Through Environmental Design (CPTED) programs.
– A new flexible, strategic initiatives program to address priorities identified by Council and/or community, including but not limited to: physician recruitment, agri-food development, and brownfield remediation.
Councillor John Middleton-Hope told the SPC he didn’t understand what the initiative was intended to accomplish.
Acting mayor Jenn Schmidt-Rempel said she couldn’t support the initiative because it was a lot of money to be collected from taxpayers “to maybe (be) used down the road.”
The SPC also turned down an initiative to create a Business Improvement Area support grant which would have cost the taxpayers $142,000 in 2023, $148,000 in 2024, $155,000 in 2025 and $162,000 in 2026.
The initiative would have called for the creation of a matching grant based on 50 per cent of a BIA district’s total levy to support efforts to create and maintain prosperous commercial districts.
The SPC defeated the motion unanimously.
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