How does the community benefit from the three-party partnership model?
  • Through this partnership model, all three partners can achieve much more by working together than by acting alone. For example, the planned YMCA will be almost double the size of the original community centre Coquitlam had planned for the site, and include a pool and other features the City had not proposed.
  • In addition, the City will draw on the YMCA’s extensive experience operating recreation facilities and delivering community programs to provide a safe and inclusive community hub in the Burquitlam area. This benefit is further enhanced by cost savings to Coquitlam taxpayers, as the YMCA will be responsible for all ongoing operational costs for the life of the facility.
  • By adding Concert Properties to the partnership, the City of Coquitlam will leverage a land development opportunity to bring further value to City-owned land while providing much-needed community amenities - including land and funding for the expansion of Cottonwood Park - at no cost to the Coquitlam taxpayer.
  • In addition, Concert Properties brings 30 years of real estate development experience, which includes having worked with the YMCA of Greater Vancouver to successfully deliver their Robert Lee YMCA in downtown Vancouver.
  • In partnership with Concert Properties and the City of Coquitlam, 43 Housing Society (a sister organization to SHARE Family and Community Services Society) will operate up to 100 non-market suites through a 60-year lease. The Housing Agreement outlines that up to 100 non-market suites will be delivered within a 308-suite rental building, pending funding from senior levels of government.

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1. What is involved in this three-party partnership?
2. How does the community benefit from the three-party partnership model?
3. Why was Burquitlam Park selected for this facility?
4. Will this development result in a loss of parkland for the Burquitlam neighbourhood?
5. How was this project established?
6. How much will the new Coquitlam YMCA facility cost?
7. What is the overall cost to the City and the financial impact on Coquitlam taxpayers for this project?
8. Will the City have an ownership stake in the new Coquitlam YMCA facility?
9. What amenities will be located in the new Coquitlam YMCA?
10. What fee/membership model will the YMCA use for this new facility?
11. When will the Coquitlam YMCA be completed?
12. What is the expected timing for expansion to Cottonwood Park?
13. What facilities are proposed for the Cottonwood Park expansion?
14. What will happen to the existing rental housing owned by Concert Properties and located adjacent to the existing Cottonwood Park site?