FORD COVE RECEIVES ICET FUNDING FOR HARBOUR REDEVELOPMENT
The Ford Cove Harbour Authority, in collaboration with Hornby Island Community Economic Enhancement Corporation, has embarked upon a strategic plan to accommodate increased demand for recreational services, provide improved infrastructure for commercial users and encourage visitors to explore the island with additional transportation options. Ford Cove’s multi-year development project includes almost double the moorage capacity, better wave protection, upgrading the off-loading wharf, improved navigational aids and upland facilities. Phase 1 of this project has already addressed improving wave attenuation and adding new transient moorage. A total of 1340 linear feet of moorage space has already been added. The Island Coastal Economic Trust is contributing $300,000 to the $1,065,068 Ford Cove Harbour Expansion Project, with over $500,000 coming from the Department of Fisheries and Oceans Small Craft Harbours and more than $200,000 from Ford Cove Harbour Authority’s equity.
The Island Coastal Economic Trust is a $50 million endowment established in 2006 by the Government of British Columbia to help diversify the economies of central and northern Vancouver Island and the Sunshine Coast. ICET is guided by a Board of Directors and two Regional Advisory Committees which include more than 50 locally elected officials and MLAs and five appointees. This exceptional team of leaders collaborates to set regional priorities and build vital multi-regional networks. Through a community-centred decision-making process, ICET has approved $49 million for over 140 economic infrastructure and economic development readiness projects on the Island and Sunshine Coast since implementing its grant program in 2007. ICET investments have leveraged over $271 million in incremental funding into the region.
A full overview of ICET can be found at www.islandcoastaltrust.ca