The Town of Stettler council has voted to pull $75,000 from its rainy-day funds for a new economic viability assessment.
The funding approved during the May 19 council meeting, follows a recommendation from the town’s committee of the whole, which debated the regional opportunity behind closed doors on May 12.
According to town documents, the $75,000 investment will be allocated from the Town of Stettler’s general reserves.
Mayor Gord Lawlor described the venture as a calculated risk, noting that while the town reserves the right to abandon the assessment if it stalls, the financial risk is minimal compared to the potential loss of regional investment by staying on the sidelines.
Details regarding the regional partners involved or the exact scope of the assessment have not yet been publicly released.
Author: Landin Chambers
Landin Chambers is a news reporter for Hometown Media Stettler. He has a background in broadcast news, with previous roles in Prince George, Red Deer and Calgary. You may also see him as a cameraman for the Stettler Wildcats and Stettler Imperials. Have a story idea? Email: lchambers@htproductionsmedia.ca
