It’s now in the books; Lloydminster has adopted a bylaw to borrow an additional $7,380,926 for the Cenovus Energy Hub.
The city has been working on obtaining the funding from the Government of Alberta but, following this year’s budget, their request was not fulfilled.
Read more: Cenovus Energy Hub set to open in September
Funding for the project saw the Government of Saskatchewan and the federal government give $16.5 mill each.
Lloydminster Mayor Gerald Aalbers says the discussions for potential Alberta funding are still ongoing.
“We’ll continue to persevere to see if we can obtain some funding,” he said.
Coun. Justin Vance asked if there was any way to save additional funding.
“We’ve fully tendered and contracted the scope of the project at this point,” said Tracy Simpson, executive manager of community development services.
Council voted in favour of the second and third reading updating the bylaw to include the new $7,380,926 in borrowing.
Vance voted in opposition to both the second and third reading.
Read more: Understanding the Cenovus Energy Hub
