The City of Vancouver's draft 2015-2018 Capital Plan, unveiled earlier this month, identifies $1.08 billion of capital investment priorities for the City for the next four years, including millions in upgrades to city infrastructure and thousands of housing units.
The proposed plan would see work on Britannia Community Centre, Fire Hall #17, 60 km of sewer separation, 10 km of sidewalks and new sports facilities, and the addition of 2,550 non-market housing units.
The plan also envisions 1,000 new childcare spaces, three new parks, and widespread transportation investments.
Here's how the $1.08 billion breaks down:
- Affordable housing: $125 million
- Childcare: $30 million
- Parks, open spaces, and recreation: $125 million
- Libraries, social, and cultural facilities: $40 million
- Transportation: $150 million
- Utilities and public works: $325 million
- City facilities, including public safety facilities: $15 million
- Facility maintenance and renovations: $65 million
- Equipment and technology: $115 million
- Emerging priorities and inflation contingency: $95 million
The city used a public engagement program called Building the City of Today and Tomorrow in May to get input on projects. Three face-to-face events were held and over 950 participants filled out an online questionnaire.
The results, which were incorporated into the draft capital plan, revealed that in the short-term, participants were concerned with basic infrastructure (water and sewer pipes as well as sidewalks) and access to nature (seawall and trails). When looking to the future, the participants identified rapid transit, affordable housing, and childcare as the top three priorities, which were in alignment with Council's strategic priorities.
According to the city, a second round of public engagement will take place throughout July to gain public input on the draft capital plan and will include an online questionnaire and stakeholder meetings.
The results will feed into the final Capital plan which will be presented to Council in September 2014, and must be approved by voters in the November election.
The Capital Plan and its corresponding annual budget is then combined with the operating budget, which sets the spending targets for the day-to-day operations of the City, to form the overall budget for the City which is presented to Council in December.