Federal and B.C. governments to pay $200M for Tumbler Ridge school and health centre
VANCOUVER — The federal and British Columbia governments have announced billions of dollars in combined investments to spur housing development and update infrastructure, including building a new high school in Tumbler Ridge, the site of a mass shooting this year.
Prime Minister Mark Carney made the announcement Thursday, while on a construction site in Vancouver, calling the plan a “landmark new agreement” for building more homes and modernizing infrastructure in B.C.
“We’ll do this by working together to reduce development charges. We will convert vacant condos into affordable housing and we will invest in community infrastructure from schools and hospitals to public transit,” he said.
The partnership includes spending more than $5 billion on B.C. infrastructure, $3.2 billion to lower development charges for multi-unit housing — reducing costs by up to 50 per cent in communities that are deemed a priority — and $284 million to reduce barriers for new construction.
