Upgrading the Inlet Park field is inching toward reality after Port Moody council approved a spot for the project in its five-year capital plan as well as a funding mechanism to make it happen.
The long-awaited project is slated for 2017 in the 2016-’20 capital plan, with $375,000 in seed money coming from a new reserve fund. That money will be drawn from the federal gas tax funds and gas tax transfer plus the 2015 operating budget surplus.
Additional funding is expected to come from private contributions, likely from developers' community amenity contributions and other corporate donors.
The Inlet Park redevelopment project has been in the works for several years, with a feasibility study funded by Port Moody Soccer Club in 2009 and public consultation the following year.
A staff report notes updated costs for the project are estimated at $4 million to upgrade the existing field to artificial turf or $5.8 million to upgrade to turf and also re-align the field to a north-south position on the western edge of the property.
Adding a changing room would likely cost an additional $750,000.
The work is expected to take two years or more to complete.
