Skip to content

City's ongoing capital projects $9.3M over budget so far

Projected budget changes will require the city to draw $7.9 million from reserve funds
USED 2022-03-23 good morning cambridge C
Work to service the Cambridge West subdivision was among capital projects that reached completion this year.

The city is projecting it will have to spend nearly $9.3 million more than anticipated to complete 249 capital projects either underway or close to completion.

The list includes 192 active projects, 43 projects where work is substantially complete, one project that was ready for closure but re-opened to address late financial impacts, and 13 projects set to close.

Since 2018, the City of Cambridge has approved 379 capital projects with an original approved community investment of $292 million, either to maintain existing infrastructure or build new infrastructure.

This year saw 11 projects added to the list, among them, the emergency replacement of the chiller at Galt Arena Gardens which cost the city $94,556.

City council will get to see the latest capital project status report at Tuesday's meeting, outlining how the estimated cost to implement the approved 2018-2022 capital program has risen to $307 million, a figure that's 5.4 per cent higher than what was approved.

The net overall increase required to complete the projects is expected to come to $9,294,311.

Factoring in a grant that covers almost all of one project and developer contributions that cover another, the city says the projected budget changes will require it to draw $7.9 million from reserve funds, most of which was approved by the previous council through separate reports.

Council will also get an update on the city's major ongoing projects, including work on the future Recreation Complex and Idea Exchange and detailed design and cost estimates for the Preston Auditorium expansion.

Construction is substantially complete on eight of the ten full road reconstruction projects planned for 2022.

Todd Street and First Avenue was expected to be substantially complete by the middle of November.

The Kenley Lane Walkway rehabilitation is expected to be completed in Spring 2023.

South Street was expected to be substantially complete last month.

Other projects that are substantially complete include laneway rehabilitation, asphalt road resurfacing and rehabilitation, watermain lining, sanitary lining, and dam safety improvements.

Up-to-date information about project scope, construction schedule, current status and contact information for respective projects can be found on the Current Projects website.