Capital project delays not right in fast-growing city like Surrey

Minor hockey players in Surrey often have to travel to other communities to practice and play hockey, because of a shortage of available ice in Surrey. Mayor Doug McCallum wants to delay building a new Cloverdale Arena, which would have two sheets of ice. The new Surrey council is looking at delaying a number of capital projects, out of concern for the level of debt. These include a new ice arena in Cloverdale, on the Cloverdale Fairgrounds. Clearing of the site has already taken place, but no construction has started. Also on the postponement list are a community centre and library for the Grandview Heights area and expansion of the Fleetwood Community Centre. Several other capital projects also face delay. Mayor Doug McCallum made a lot of noise about $514 in capital debt last week. Yet the debt level is not that high. At present, it sits at $378 million. The delayed projects would add another $136 million in debt. That’s where the $514 million figure comes in. Debt ...