Behchoko, N.W.T., seeks $9M loan for new sportsplex
Community to vote next week on whether to borrow money
CBC News
Posted: Mar 19, 2013 4:12 PM CT
Last Updated: Mar 19, 2013 6:22 PM CT
The community of Behchoko, N.W.T., is looking to get a $9 million loan for completing its new sportsplex. (CBC)
Related
The community government in Behchoko, N.W.T., wants to borrow up to $9 million from the bank to finish the community's sportsplex.
There was a public meeting held yesterday to tell people about the plan for the Khon Go Cho centre.
"We do have a plan in place to pay off the loan within 20 years or hopefully shorter. There is a very high interest rate that we made reference to, but in our opinion it is very affordable in the long run,” said David Steele, the senior administrative officer for Behchoko.
The community of about 2,000 people will vote on Monday whether or not to borrow the money.
Steele said if the loan is approved, the building could be complete in about 16 months.
The building would have a fitness centre, youth centre, arena, kitchen and some office space.
Share Tools
Latest North News Headlines
- NDP wants RCMP inquiry into $90K payment to Duffy
- The NDP has asked the RCMP to launch an investigation into the $90,000 payment from the prime minister's former top aide, Nigel Wright, to Senator Mike Duffy in relation to the Senate expense scandal. more »
- Bell Mobility to appeal ruling in 911 lawsuit
- Bell Mobility says the company plans to appeal a Northwest Territories Supreme Court ruling that says the company is liable for charging 911 fees to customers that aren't receiving the service. more »
- Yukon flood victims advised to register with government
- Yukon emergency officials want those affected by flooding last week to register with social services, and to submit a list of what was damaged or lost in the flood. more »
- Canadian students compete in northern history film program
- Twenty-six students from across the country are showcasing their knowledge of northern history as finalists in a program called Canada's History - Young Citizens. more »
Must Watch
Top News Headlines
- NDP wants RCMP inquiry into $90K payment to Duffy
- The NDP has asked the RCMP to launch an investigation into the $90,000 payment from the prime minister's former top aide, Nigel Wright, to Senator Mike Duffy in relation to the Senate expense scandal. more »
- Will alleged Rob Ford video overshadow Toronto casino debate?
- A debate about a proposed downtown casino is supposed to take centre stage at Toronto City Hall on Tuesday, but it seems a safe bet that a still-unseen video of Mayor Rob Ford will continue to be a topic of conversation. more »
- Canadian on EI shut out amid foreign worker influx
- A jobless Canadian IT professional who is collecting employment insurance is upset because he now suspects several recent jobs he applied for went to temporary foreign workers. more »
- Baseball fuels dreams, desperation in Dominican Republic
- The Toronto Blue Jays have a number of stars from the Dominican Republic, but in the shadow of these successful players is an equally important story about hope and poverty, and a country desperately struggling to balance the two. more »
- Bell Mobility to appeal ruling in 911 lawsuit
- Yukon flood victims advised to register with government
- Yukon Electrical launches eagle cam in Whitehorse
- Long-awaited mental health centre opens in Iqaluit
- Second eaglet shown on Whitehorse nest cam
- Canadian on EI shut out amid foreign worker influx
- Agnico-Eagle worker found alive after blizzard
- NDP wants RCMP inquiry into $90K payment to Duffy
- Whitehorse ski hill could be sustainable, says consultant
