On May 5th, NKDF Chair Wayne Salewski presented cheques to the District of Vanderhoof for two projects recently approved for funding. The two projects are:
Hotel Vaulation Study: The first installment, in the amount of $5000.00 for the Hotel Valuation Study was presented.
The Hotel Vaulation Study project was approved for a total grant from NKDF in the amount of $10,000.00. With this funding the District of Vanderhoof will complete a feasibility study to determine the economic viablity of new hotel development in Vanderhoof.
Alternative Capital Funding Strategy: The first installment, in the amount of $7,500.00 for the Alternative Capital Funding Strategy was presented. The Alternative Capital Funding Strategy project was approved for a total grant from NKDF in the amount of $15,000.00. The goal of this project is to provide a report that identifies alternative capital funding sources to move forward with capital projects identified by the town of Vanderhoof including, a new campus for the College of New Caledonia, a Community Centre and an aquatic centre.