Funding plan approved for many upcoming phases of waterfront walkway project
NANAIMO — Concrete steps have been taken to finance a walkway stretching along Nanaimo’s coast.
Councillors officially approved how the various phases of the waterfront walkway will be paid for during Monday’s council meeting.
Community development director Bill Corsan said there’s many different methods and the project won’t be solely taxpayer funded.
“The smaller projects which are more reasonable in price can likely be funded through (funds and reserves). The larger projects, such as the Departure Bay Beach section or the Living Forest campground, would be funded through borrowing.”