The Town of Edson and Yellowhead County are embarking on a historic joint project.
Following many years of public input and facility studies, our communities have come together to start work on a new Multi-Use Recreational Facility. The facility will include 2 NHL sized ice surfaces, a 4 sheet curling rink, court space, running track, fitness area, and a new pool area with a lazy river.
Conceptual plans and preliminary geotechnical work are now complete on this estimated $70-million project, which will be located at Griffiths Park in Edson. The capital cost for the project is being split 50-50 between the Town and County.
This is a very important project for the region. As such, we’ve engaged world-class engineering firm Stantec to bring it to life.
The Town of Edson and Yellowhead County are proud to work together on this exciting project for our residents.
Check out our online calculator below to get your own personalized estimate based on your property assessment:
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The capital cost of this project is being cost-shared 50-50 between the Town of Edson and Yellowhead County.
The operational split will be 60-40 Town-County based on an operational agreement being drafted.
The Town of Edson will be using a combination of $20-million in savings and $15-million in borrowed money to cover our portion of the construction costs. This means Edson residents and business owners can expect to see an increase in taxes to cover the cost of the borrowed funds and anticipated operational expenses.
Based on today’s interest rates and expected operational costs, taxpayers will see an estimated $130 increase in taxes yearly per $100,000 in assessment.
For an average household of $350,000 it would equate an estimated increase of $450 per year…about $38 a month.
To break it down even further, for the cost of less than a small cup of coffee per day, Edson will gain a first-class recreational facility that will fit the needs of our community for decades to come.
As the estimated tax impact calculations include both capital borrowing costs as well as operational cost estimates, there is a time when a portion of that would end. The chart to the left outlines the timelines related to the project’s financial implications. It’s anticipated the debenture would be taken out over a 30 year period.