City of Surrey to borrow $151 million to construct new recreational centres
Artistic rendering of the City of Surrey's new Cloverdale Sport and Ice Complex. (RDHA) During a public meeting on Monday, Surrey City Council approved the measure of permitting city staff to proceed with the process of obtaining a loan of $150.6 million to fund three new major community and recreational facilities. The long-term borrowing scheme will fully cover the construction costs of the new replacement $90-million Newton Community Centre, including the land acquisition, as well as the full costs of the $40-million City Centre Sports Complex. Another $20.6 million will be borrowed to hel...