Nov 2009

The City of Portage la Prairie was busy on Monday night moving ahead more borrowing bylaws to keep the funding for the Portage Credit Union Centre on track.

Council passed a third reading of a bylaw to borrow $1.55 million in additional debt to help cover the costs of the construction of the second arena of the PCU Centre.

The Phase II project, namely the Portage Mutual Arena, has a total estimated value of $5.1 million, and is covered by $1.85 million from the city’s general reserve funds, $1.7 million from federal funding and $1.55 million from city debt.

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