SD33 approves $9.5M site for new elementary school in Promontory
CHILLIWACK — SD33 is moving ahead with its plans for a second, much-needed elementary school as district enrollment continues to grow in Chilliwack.
At a Special Board Meeting on Thursday (Nov. 20), the district approved the acquisition of a $9.5 million property at 5303 Promontory Road for the purpose of building a 500-seat elementary school.
The district is set to fund roughly $3.25 million of the purchase out of its own pocket, with up to $6.5 million worth of borrowing from Scotiabank.
“I think there is some risk for this district to borrow money from the bank, but I think for our district, there’s more risk in losing this property,” said Willow Reichelt, SD33 School Trustee.
