What will happen to the existing rental housing owned by Concert Properties and located adjacent to the existing Cottonwood Park site?

As part of the overall long-term community plan, the redevelopment will offer a variety of new housing options including new rental and strata homes to replace the existing housing 3-1. Concert Properties is committed to ongoing communications with existing residents to keep them apprised of the project’s timelines, and will be providing relocation assistance when necessary. Concert’s approach will be consistent with the principles established in the City’s Housing Affordability Strategy.

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1. What is involved in this three-party partnership?
2. How does the community benefit from the three-party partnership model?
3. Why was Burquitlam Park selected for this facility?
4. Will this development result in a loss of parkland for the Burquitlam neighbourhood?
5. How was this project established?
6. How much will the new Coquitlam YMCA facility cost?
7. What is the overall cost to the City and the financial impact on Coquitlam taxpayers for this project?
8. Will the City have an ownership stake in the new Coquitlam YMCA facility?
9. What amenities will be located in the new Coquitlam YMCA?
10. What fee/membership model will the YMCA use for this new facility?
11. When will the Coquitlam YMCA be completed?
12. What is the expected timing for expansion to Cottonwood Park?
13. What facilities are proposed for the Cottonwood Park expansion?
14. What will happen to the existing rental housing owned by Concert Properties and located adjacent to the existing Cottonwood Park site?