Council was told it is unlikely Arts Council Wood Buffalo can raise the more than $16.5 million needed to finish the project in downtown Fort McMurray.

The Regional Municipality of Wood Buffalo (RMWB) is taking over the planned downtown arts incubator after Arts Council Wood Buffalo (ACWB) argued it is unlikely they can tackle its funding shortfall. Article content

Council heard during their Tuesday meeting the Arts Inc. project needs more than $16.5 million to finish. The RMWB has already contributed $5 million towards the project. Council can only authorize a further maximum of $6.4 million. It is unlikely ACWB can cover the remaining $10.1 million shortfall, according to a report to council from the RMWB’s community services department. Article content

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