Chilliwack school board hopes B.C. govt. funds Promontory school site purchase in its next budget cycle
CHILLIWACK — The Chilliwack School District hopes the provincial government steps up to cover property acquisition costs after its board voted in November to purchase a 6.8-acre property on Promontory Road for over $9 million.
According to a statement from the district, the Chilliwack Board of Education voted unanimously at a special meeting on Thursday, November 20 to purchase the property at 5303 Promontory Road for a future school site in Promontory.
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,” trustee Willow Reichelt said at the meeting on Nov. 20. “Trustee Swankey and I have been on the board for seven years, and every single year, this is one of the things we’re looking for […] I honestly didn’t think we were ever going to find one.”
