City of Surrey's 2022-2026 Financial Plan

RANKED CAPITAL PROJECTS

Ranked Capital Projects include large-scale capital projects such as recreation facilities, arenas, sports fields, parks construction and upgrades, and arts & culture amenities. These projects are funded by various sources including External Borrowing, contributions from General Operating, Community Amenity Contributions, External Contributions (Grants), City Reserves, and B.C. Gaming Revenue. During the 2021 fiscal year, $150.6 million in External Borrowing, accessed through the MFABC Long-Term Borrowing program, was acquired for three major projects. These are the Newton Community Centre & Land Acquisition, City Centre Sports Complex, and the Cloverdale Sport and Ice Complex (commencing in 2022). The table below documents the Ranked Capital Projects funding requirements for 2022.

PROPOSED RANKED CAPITAL PROJECTS (in thousands) Newton Community Centre (Total $100.0M)

2022

$37,000

Cloverdale Sport and Ice Complex (Total $55.1M)

$32,000

Bear Creek Park Athletics Centre (Total $27.5M)

$12,800

Bus Layover Facility

$10,200

Surrey Police Service Capital & Transition Requirements (Total $64.7M)

$5,400

Police Training Facility

$4,000

Artificial Turf Field Replacements at Five Locations (Total $4.0M)

$2,000

NCP Funded Parks Projects

$1,900

North Surrey Outdoor Sport Facility (Total $3.7M)

$1,700

Newton Artificial Turf Field & Washroom/ Changeroom (Total $5.5M)

$1,100

Community Park in Fleetwood

$1,000

Tamanawis Park—Third Field Hockey Turf Field & Changeroom

$1,000

Nicomekl Riverfront Park (Total $19.5M)

$600

Crescent Park Pickleball Courts

$600

Park Improvements

$500

Surrey Arts Centre Renovation

$350

Outdoor Volleyball Courts (Total $0.3M)

$100

The pages that follow provide a detailed description for each of the above Ranked Capital Projects.

City of Surrey | 2022—2026 Financial Plan | Capital Program

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