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w w w .in sid e H A L T O N .co m | OAKVILLE BEAVER | Friday, D e c e m b e r 2 , 2 0 1 6 | 2 N ew tim in g and fin an cin g fo r D ow ntow n C ultural H ub p lan by Nathan Howes Oakville Beaver Staff Not only did financing plans fall short for OakvilleS envisioned Downtown Cultural Hub (DCB), but now it appears a new plan won't be happening quickly. Oakville' s Planning and Development Council began discussing the go-forward plan Monday (Nov. 28) after learning in early November that financing scenarios had hit roadblocks. The DCH study began in 2013 and became a plan in 2015. It looks to revitalize downtown Oakville by creating a cultural and performing arts space. That scenario would move the Oakville Public Library and Oakville Galleries, at Lakeshore Road and Navy Street, to the former Post Office on Church Street as a full gallery and digital library. The library property would become a performing arts centre with a 750-seat main theatre, 325-seat secondary theatre, lobby, restaurant/lounge, meeting/conference space, and cultural innovation/program space. There would be an amphitheatre behind the library' s current location and a multi-use flexible space for markets and concerts, in front on Navy Street. The Oakville Centre property would be an eight-storey residential/mixed-use group of buildings while the fire hall property to the north would become a 12-storey residential building. The plan had a $126 million-$163 million price tag and would carry an estimated $7.9 million operating cost. It all hit a snag when, in response to public input, Town Council refused to sell Centennial Square. As well, federal and provincial infrastructure funding programs do not support the high level of financing required. On Nov. 28, council spoke of a revised timeline for the plan. After hearing from numerous delegations, including several local residents' associations' that want something to happen quickly, Oakville Mayor Rob Burton suggested council "endorse the shortest possible timelines" in the process moving forward. Both Ward 4 Councillor Allan Elgar and Ward 6 Councillor Tom Adams questioned that, however, with Elgar asking if it would carry see Most on p.5 inside todays B eaver www.insideHALTON.com Real Estate Holland Park Garden City Parent CAA Editorial Artscene 6 23 Sports Classified 25 28 *All flyers not necessarily delivered to all homes For home delivery & customer service call 905-631-6095, 5300 Harvester Rd., Burlington NEW SUBSCRiFTiONS call 905-631-6095 or subscribe online @www.oakvillebeaver.com Need help with house-cleaning? Let us do it for you Discover c le an in g s e rv ic e th a t's a ffo rd a b le , re lia b le , and con venient. 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