Kamloops mayoral candidate proposes public-private cost sharing for major infrastructure projects
KAMLOOPS — A Kamloops mayoral candidate is pitching a policy that would see the cost of major infrastructure projects split between the taxpayer and the private sector.
Nelly Dever of the Pivot Kamloops slate says the proposed “Co-Build” model would see the city and partner private developers share the upfront costs – such as construction, engineering and land acquisition – for major projects. Dever adds it would focus on costly infrastructure endeavours and not serve as a blanket policy for new public facilities in the city.
Areas identified as potential Co-Build sites include the arena multiplex in Dufferin, the downtown RCMP detachment and the former Penny Pinchers thrift store on Tranquille Road.
Speaking to CFJC Today, Dever said the goal of the Co-Build model is to stabilize municipal tax rates for homeowners in Kamloops and reduce the amount of borrowed money.


