What is involved in this three-party partnership?

This project involves three partners - the City, the YMCA of Greater Vancouver and Concert Properties - in a project to deliver a Coquitlam YMCA recreation facility, a new Community Policing Station, a Park-and-Ride, and the expansion of Cottonwood Park to Coquitlam’s Burquitlam neighbourhood. This is an innovative and complex partnership that provides significant benefit to the residents of Coquitlam.

Simply explained:

  • The City is providing land and capital funding towards the construction of the recreation facility and community amenities in the heart of the Burquitlam area
  • The YMCA is providing capital funding as well as operational funding for the life of the facility
  • Concert Properties is providing a land parcel and financial support for the significant expansion of Cottonwood Park in exchange for the opportunity to develop the YMCA facility site as a mixed-use development that will include both strata and rental housing