Council denied a request from the Prince George Kodiaks for a loan of up to $600,000 to develop their practice facility in the Hart.
City council denied a request by the Prince George Kodiaks football club for a loan of up to $600,000 to develop their practice facility at Heather Park.
City director of civic facilities Blake McIntosh said the team leased the Heather Park ball diamonds from the city in 2021, and took on responsibility for building any improvements to the site. In discussions following Briere’s presentation to council, the team requested a loan of $150,000 to $600,000 to upgrade the site, which could be amortized through the lease over a 25-year period.
City director of finance Kris Dalio said in the past the city loaned $45,000 to the BCNE and $50,00 to the Prince George Symphony Orchestra for similar projects. Those were smaller loans, to be repaid over five years, and “even then, we weren’t necessarily in prompt repayment of them,” Dalio said.Coun. Cori Ramsay said most commercial banks would want to see three to five years of financial statements from the non-profit football club before offering a loan.
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