The money will be paid back over a five year term and will cover one third of the cost of the new gym. Last September the Ministry of Education announced $600,000 in funding for the project with School District 60 matching that amount. The Peace River Regional District will also put in another $1.2 million from Fair Share funds.
With the yes vote, it's estimated the residential tax rate would increase by 50 cents per $1,000 of the net taxable value of land and improvements. As the average assessment for homes in the area is between $150,000 and $200,000, residents could be looking at paying around $75 a year for five years. School District 60 will be responsible for the cost of operations and maintenance once it is built.
A total of 199 votes were cast with 191 in favour of the plan and 8 against. In total there were 900 eligible voters.
The bigger gym will be around the size of other junior high gyms in the district, and will be separate from the current one, which was built in 1969 for younger students.