Frequently Asked Questions (FAQ)

What are the benefits to the community?

• Double the South Harbour moorage space for the commercial working harbour and for transient recreational boaters.
• Development of new waterfront services will mean increased commercial marine industry investment & increased tourist visits.

What are the total costs and funding sources?

• South Harbour: $6.04 million consisting of $4.3 million in grants and approximately $1.9 million in borrowing.

How will this project affect my taxes?

• Annual debt service of $124,000 over 25 years will be met through taxation.

What are the environmental impacts?

• Initial Seawalk construction disturbed marine habitat and so the City provided environmental compensation by creating a salt water marsh in the South Harbour, in accordance with Fisheries & Oceans Canada requirements.

What are the timelines and next steps?

• 2005, planning for first stage float reconfiguration completed. Harbour expansion is currently in planning stages; March 2011 is the target completion date.