A downtown remodeling project in Lake Cowichan just got one-third of the way to its goal.
On Sept. 4, the Island Coastal Economic Trust announced funding approval of $126,500 for construction of the $380,000 Renfrew Town Square Project.
According to a press release from ICET, Renfrew Town Square will link pedestrian and cycle movements in all directions, serve as an outdoor gathering space and host live performances, art displays and a wide range of other community uses.
“This revitalization will breathe new energy and vitality into the community of Lake Cowichan, which will attract more visitors, business activity and economic benefits to the region at large,” said ICET chairman Phil Kent in the release.
The project is expected to be a catalyst, especially in conjunction with the revitalization tax exemption incentive program Lake Cowichan council has adopted to encourage residential and commercial redevelopment within the downtown core.
“We are thankful that the Island Coastal Economic Trust has identified with council’s vision to move forward with improvements to our downtown,” Lake Cowichan Mayor Ross Forrest said. “We anticipate that the Town Square will be an important extension of the Forest Workers Memorial Park and the proposed new public library.
“This will enhance the potential for new events and cultural activities and provide much-needed economic and employment opportunities for our residents and others.”
ICET’s mandate is to invest provincial funds into economic development projects on northern Vancouver, as well as the Powell River and Sunshine Coast Regional Districts.
Cowichan News Leader Pictorial