BC Interior Community Foundation accepting donations slated for Build Kamloops project

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The Build Kamloops project is notably being funded partially from borrowing. Kamloops authorized city staff to borrow up to $140 million to construct a performing arts centre downtown and up to $135 million to build a four-sheet arena multiplex in Dufferin. The city received support from the Kamloops electorate via the alternative approval process in which less than 10 per cent of registered voters formally responded with their opposition to Build Kamloops. 

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However, the city says Build Kamloops is also being funded through donations, fundraising and sponsorships, as well as the city’s reserves, operating budgets and non-competitive grant programs. The city adds there are ongoing efforts to apply for provincial and federal grants. 

The city says an independent evaluation estimated nearly $40 million in fundraising potential ahead of Build Kamloops’ launch. 

In addition to the performing arts centre and arena multiplex, the Build Kamloops project consists of a new leisure pool, a curling and racquet sport complex, new indoor field space and a new all-ages community centre. It also includes a new seniors centre at Cottonwood Avenue, renovations to the Kamloops indoor soccer dome and a new daycare at the repurposing of the Parkview Activity Centre into a new childcare centre.

Work is underway at the site of the Kamloops Centre for the Arts at Fourth Avenue and Seymour Street while work on the arena multiplex in Dufferin is expected to begin later this year.