Pair of AAPs pass, allowing Kamloops to borrow up to $25.75 million for big ticket projects
KAMLOOPS — The City of Kamloops will move forward with borrowing up to $25.75 million for a pair of projects that are already underway.
The City said this authorization comes after their alternate approval processes (APP) for the property purchase at 965 McMaster Way and Phase 3 of the Tranquille Road Sanitary Main and Road Enhancement Project received less than the minimum threshold of opposition.
Both projects needed to receive at least 8,527 responses, which is 10 per cent of the 85,273 eligible electors.
The City said the 965 McMaster Way purchase will max out at $16.75 million to purchase and improve a 9.77-acre parcel of land, with the goal of expanding their Civic Operations Yard. The development is expected to support Kamloops’ operational growth for the next 25 to 50 years.


