North Bay and area member municipalities with a stake in the Cassellholme redevelopment are pushing toward finalizing plans for the project before the spring election in Ontario.
The redevelopment is expected to cost $64 million, $42 million of which will come from the province and the remainder split among the member municipalities on a per capita formula.
Councils representing those municipalities will bring motions forward seeking confirmation of their commitment to the project in the coming weeks and Cassellholme board chairman Chris Mayne will table a motion at North Bay City Council Tuesday evening.
The annual operating cost for Cassellholme by the City of North Bay will remain $2.2 million but the City’s share for the redevelopment is expected to be less than $2 million annually depending on the tender process.
