ICET Announces Funding for Rumble Beach Marina Project

Wednesday, July 4, 2012

For Immediate Release

Courtenay, BC - Mayor Phil Kent, the Chair of the Island Coastal Economic Trust (ICET) on behalf of the Board of Directors, today announced funding approval of $140,000 for the Rumble Beach Marina Project in Port Alice. The total cost of the project is estimated at $600,000 dollars.

The new marina, to be located at the existing public boat ramp, will provide short term space for both recreational and commercial boats and floatplanes in Port Alice.  While modest in scope, this 10-slip mini marina will generate economic benefits to the area by serving as a gateway to Port Alice for other communities in Quatsino Sound as well as the regular stream of marine visitors who undertake the circumnavigation of Vancouver Island.

"Currently, visiting boaters can't moor their vessels on the waterfront, and can't get to the local businesses who are eager to serve them" stated Janice MacLeod, Acting Mayor for the Village of Port Alice.  "The Rumble Beach Marina will put visitors right on our doorstep.  This will strengthen our existing business base, but more importantly it will create opportunities for local entrepreneurs as well as new investors," added MacLeod.

"The increased marine activity and tourism that will result from this project will showcase Port Alice as an attractive destination for sea faring visitors and will allow it to take advantage of increasing interest for Vancouver Island's Marine Highway.  This is another example of ICET's unique ability to respond directly to the needs of smaller communities and of its efforts to help diversify and strengthen the local and regional economies," stated Mayor Kent.

About the Island Coastal Economic Trust

The Island Coastal Economic Trust was established in February 2006 under an Act of the Province of British Columbia. It provided a $50-million endowment that is managed by an independent Board of Directors comprised of thirteen members - eight Mayors and five provincial appointees from the prescribed area.

The Board's mandate is to make strategic investments in economic development priorities including forestry, transportation, tourism, mining, energy, economic development, agriculture and aquaculture, and small business.  The ICET region encompasses all Regional Districts and municipalities on Vancouver Island north of the Malahat as well as the Powell River and Sunshine Coast Regional Districts.

A full overview of ICET can be found at www.islandcoastaltrust.ca.

For further information:

Al Baronas
CEO
Island Coastal Economic Trust 
Tel: 250-871-7797 Extension 223
al [dot] baronas [at] islandcoastaltrust [dot] ca

Madeline McDonald
Administrator
Village of Port Alice
Tel. 250-284-3391
mmcdonald [at] portalice [dot] ca

 

 

 

 

 

 

 

 

 

 

ICET By The Numbers

2,500
person years employment created (construction phase)

ICET By The Numbers

50
locally elected officials and MLAs working together

ICET By The Numbers

$10.4
million annual provincial government revenue generated

ICET By The Numbers

3,650
post completion jobs created

ICET By The Numbers

$4.6
dollars leveraged for every ICET dollar invested

ICET By The Numbers

$236
million leveraged into the region

ICET By The Numbers

$50.5
million disbursed

ICET By The Numbers

$52.1
million committed

ICET By The Numbers

212
economic development projects

ICET By The Numbers

170
projects completed

ICET By The Numbers

36%
projects in small (less than 5,000) communities

ICET By The Numbers

50+
communities with ICET projects

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