In regards to the Peninsula Project in Cochrane, the immediate recognition of council is that they need to find a way to secure the funding provided by the NOHFC.
Cochrane’s Mayor, Peter Politis says there has been some differences at council surrounding the overall plans of the project. He says the NOHFC had a deadline set for the project on November 10th for the town to either commit to the funding, or release it. Politis feels the updated proposal sent through will be similar to the original plan, but open the door for more possibilities.
Originally it was a 3,500 square foot multi-use facility that was proposed, however, if the NOHFC approves the most recent changes it could mean several smaller buildings are built instead. Politis says the NOHFC wants to ensure the funding they’re providing will directly impact the community. The mayor says it wouldn’t make sense having these buildings scattered all across the peninsula, but instead maybe have two or three buildings all close together.
The town has already secured $1.5-million in funding for this project and Politis says now they are just waiting to hear back and see if they get the green light from the NOHFC. He says they should know any day now and after that it’s just a matter of finalizing the design so they can meet the construction deadline of next summer.