James Nelson

Elk Lake rowers ask Saanich for another $50K loan

As renovations to the Elk Lake Boathouse near completion, Saanich council will look at a request from the Victoria Rowing Society for a $50,000 interest-free loan. This in addition to a $250,000 loan granted last March.

Hugh Porter, president of the society, says $74,000 of that loan was paid back in the first year of the five-year agreement. With the new loan, repayments would total $56,500 per year for the remaining four years.

“Last year, we made a request for a $300,000 loan and council created a policy of not lending more than $250,000, so they lent us $250,000. Now that what we owe is less than $200,000, we’re asking for another $50,000 to cover additional expenses,” Porter said.

Paul Murray, Saanich’s director of finance, says interest-free loans are most often given from the land sale reserve fund to soccer organizations looking to develop turf fields.

“This one’s a little different because it’s not property the municipality owns. It’s regional property. Soccer clubs are improving municipal assets (parks),” Murray said. Because of that, if this loan were to be approved, the money would come from general reserves.

The society approached council in January asking for a $50,000 community grant, but Mayor Frank Leonard recommended having discussions with staff to propose an addition to the outstanding loan.

Porter says the renovations are roughly 80 per cent complete and should be done by the end of May.

The reno adds more than 570 square metres to the boathouse, including a new multipurpose room for training, additional boat storage area, new washrooms and a small regatta concession.

The cost of the entire project – also funded by the federal government, the University of Victoria, Rowing Canada Aviron and individual donors – will be about $1.8 million.

Four groups operate from the boathouse: Rowing Canada, the University of Victoria rowing club, the Greater Victoria Youth Rowing Society and Victoria City Rowing Club. The Victoria Rowing Society operates the boathouse on behalf of the clubs.

Porter estimates 1,400 individual rowers pass through the boathouse each year.

kslavin@saanichnews.com

Just Posted

Retiring Oak Bay geriatrics doctor shares his philosophy

‘People are unacquainted with death,’ Dr. David Brook said

Your summer 2019 outdoor movie roundup

Enjoy free outdoor movies in Greater Victoria this summer

International conference to boost Indigenous languages comes to Victoria

Chiefs, politician, academics and Art Napoleon to attend

BC Summer Reading Club is back at the Greater Victoria Public Library

BC Summer Reading Club is back at the Greater Victoria Public Library

WATCH: Thousands gather for National Indigenous Peoples Day at Royal Roads University

Day to embrace and celebrate culture and lives of Indigenous peoples

Wildfire burning in coastal forest

A fire beside the Sea to Sky Highway is burning up a steep slope

PHOTOS: Event marks one year since soccer team rescued from Thai cave

Nine players and coach took part in marathon and bike event to help improve conditions at cave

Rock climber dies after fall at Stawamus Chief in Squamish

The man had fallen about 30 metres while climbing in the Grand Wall area

Five B.C. students taken to hospital after playing with vaping device

School district said students were taken to hospital ‘out of an abundance of caution’

Being a pot dealer is not what it used to be

Sunday Big Read: the business of selling marijuana in B.C. is a slow bureaucratic slog

VIDEO: Two more pride flags have been stolen from Langley woman

Lisa Ebenal was “angry” and “fed up” after the latest theft. Then people started showing suppport

B.C. couple who has raised 58 children turns to community amid cancer diagnosis

Family who raised, fostered and adopted many kids hoping to gain some precious together time to fight cancer

Canucks acquire forward J.T. Miller from Lightning

J.T. Miller, 26, had 13 goals and 34 assists for the Lightning last season

Most Read