Regina's elected officials must once again grapple with a growing bill for the city's new aquatic facility.
A new staff report heading to Regina's executive committee on Wednesday highlights how the budget for the project has increased by $40 million — climbing from the $245.1-million budget approved by the outgoing council in October 2024 to $285.1 million.
The increase in cost is the result of market volatility, the limited availability of skilled trades workers and further clarity on the scope of the project, according to the report.
Staff are proposing the city cover the budget increase by redirecting $30 million in funding from other projects and take on an additional $10 million in debt financing for a total of $156 million in debt financing.
Mayor Chad Bachynski uses 1st state