- The Francis Winspear Centre for Music (FWCM) has requested an additional $33.4 million as a contribution to the construction to complete the interior fit-out of the expansion project.
- The Capital City Downtown CRL reserve has a $20.9 million deficit; therefore, this request will further decrease the balance of the reserve. As a result, this grant would require the use of the City’s working capital.
- The Francis Winspear Centre has indicated that the requested $33.4 million is not enough to complete the project as currently planned. There is a $6 to $7.5 million budgeted shortfall in funding that has arisen since the project was included in the CRL extension.
Where. Is. The. Cost. Control.