Connect with us

City of Red Deer

City Council suspends payments on Westerner’s $19 million loan

Published

4 minute read

Westerner Exhibition Association (WEA) loan agreement adjusted

City Council passed second and third reading of a loan amendment bylaw to suspend interest and principal payments related to a $19 million WEA loan with the goal to further support WEA’s financial sustainability.

The item was back in front of Council today after first reading occurred in December 2024, at which time Council expressed the need for a more detailed report on the impacts of WEA’s loan on the City’s financial position.

“Today’s decision is all about providing WEA additional time to achieve financial stability while recognizing its role in generating significant economic activity in the region. WEA hosts 1,500 events annually and welcomes 1.5 million visitors each year,” said Mike Olesen, Growth and Finance General Manager.

Between September 2021 and today, City Council has continued to adjust and respond to the evolving needs related to the loan agreement.

Recently, The City of Red Deer, Red Deer County, the Westerner Park Foundation and the Donald family each contributed $500,000 to the sustainability of WEA. Normally under the existing terms of the loan agreement and loan bylaw, this injection of cash would trigger a loan payment back to The City. However, the intention is to give WEA the time and funds to recover and reach sustainability and today’s decision to suspend interest and principal payments on the $19 million loan responds to this need.

With these adjustments to the conditions of the loan, WEA must still pay the loan in its entirety by the end of the loan’s term. This decision has an impact on the City’s financial position in the short term, but as WEA ‘s financial performance stabilizes, payments on the loan are anticipated to return. This is some of the additional information provided to City Council today.

“To reiterate, this does not mean that the $18.7 million remaining debt is forgiven, but rather that The City must temporarily report a change to our financial statements to better reflect the real value of the loan at a point in time,” said Mike Olesen, Growth and Finance General Manager.

“Westerner has a three-year business plan, and its success is contingent on the changes made today, and the involvement and contributions of partners, including the Province. We still need to continue to recognize the realities and time it takes to recover being a major agriculture society and event centre in our Province and region,” said Tara Lodewyk, City Manager. “The Westerner is working hard to make positive changes that improve its financial situation and the experience for our community. We can all help. It is as easy as choosing to attend one of the many events at the park, and we encourage our citizens to do just that.”

With today’s decision, loan payments will be paused until April 1, 2027, enabling WEA to focus on its recovery plan. This suspension aligns with ongoing financial contributions and recovery planning efforts by The City, Red Deer County, the Province of Alberta, and other stakeholders.

During this period, Westerner Exhibition Association will present annual financial updates to City Council.

City of Red Deer

Council ends reduced fine option for early ticket payment, school and playground zones start at 7 AM

Published on

City Council approves first reading of updated Traffic Bylaw and General Penalty Bylaw

Red Deer City Council completed first reading of updated Traffic Bylaw (3707/2025) and General Penalties Bylaw (3036/A-2025) that will provide clarity and consistency in application of the bylaws as well as eliminate challenges in enforcement.

Key updates to the bylaws include:

  1. Ticket Pre-Payment:
    • Removing the option to pay a parking ticket early to receive a reduced fee from the General Penalty Bylaw and adding it to the Traffic Bylaw.
  1. School and Playground Zone Start Times:
    • Through investigating requests from schools to have school and playground zones start at 7 a.m., rather than 8 a.m., Administration determined that almost all school and playground zones in the city have students on the street prior to 7:30 a.m. To be consistent across the city, the start time is being moved to 7 a.m. providing an added measure of safety for all students.
  1. Salt on Sidewalks:
    • Removing the provision prohibiting the use of salt on sidewalks as this provision was rarely reported and it is difficult and costly to enforce.
  1. Permits:
    • More structure was added to the bylaw to clearly articulate conditions and requirements of Use of Streets Permits, as well as Excavation Permits and Alignment Permits.
    • Lastly, fees for closures impacting on-street and off-street stalls have been adjusted to reflect the actual revenue in each parking zone rather than the flat fee.
  1. Penalties:
    • Penalties have been reviewed and updated.
    • During the last bylaw adoption, the penalty associated with vehicles being towed due to snow or street sweeping operations was inadvertently missed. This penalty has been added back in at a slightly higher amount due to an increase in the cost to tow a vehicle through The City’s contractor. This prevents the costs associated with towing vehicles during these operations from being subsidized by the tax base.

“These updates streamline the bylaws to create clarity for residents and administration,” said Erin Stuart, Inspections and Licensing Manager with The City. “They also help to eliminate regulations that are challenging to enforce and bring penalties in line with other City Bylaws.”

Second reading of both bylaws is anticipated for January 27, 2025.

Continue Reading

City of Red Deer

Nomination Period Open for Red Deer 2025 Municipal Election

Published on

Prospective candidates for Red Deer’s 2025 Election are advised that the nomination period is now open, and candidates have until noon on September 22, 2025 to file the necessary paperwork, secure required signatures, and complete all preliminary steps.

Voters in Red Deer will elect one Mayor, eight City Councillors, and School Trustees for the Red Deer Public School Division or the Red Deer Catholic Regional School Division. The number of positions available is as follows:

  • Mayor (The City of Red Deer): 1 position
  • City Councillor (The City of Red Deer): 8 positions
  • School Trustee (Red Deer Catholic Regional School Division): 7 positions
  • School Trustee (Red Deer Public School Division): 7 positions

“There are several new requirements this year that prospective candidates need to be aware of, per legislative changes,” said Jessica Robinson, Returning Officer. “Among these are the requirements to file a notice of intent, minimum signatures and a deposit for anyone looking to run in the Mayoral or City Councillor contests.”

Prospective candidates who intend to seek office in 2025 must file a Notice of Intent. This step must be completed before any campaign contributions are accepted or expenses incurred. A Notice of Intent may be submitted at any time during the campaign period by emailing the completed form to [email protected] or delivering it in-person to:

Red Deer Elections Office
City Hall (4914 – 48 Avenue)
Red Deer, AB

Nomination Requirements
To officially file as a candidate, all required nomination documents must be submitted during the nomination period, beginning January 2, 2025, and ending at 12 noon on Monday, September 22, 2025.

The following forms must be completed and submitted:

  • Form 4 – Nomination Paper and Candidate’s Acceptance
  • Form 5 – Candidate Financial Information

Signature and Deposit Requirements
Nomination papers must include original signatures from eligible electors in Red Deer. Digital signatures will not be accepted. It is recommended that candidates obtain more than the minimum required number of signatures in case any signatory is found ineligible.

Office Eligible Signatures Deposit
Mayor 100 $100
Councillor 50 $100
Red Deer Public Schools Trustee 5 $0
Red Deer Catholic Regional Schools Trustee 5 $0

All nomination forms must be signed before a Commissioner for Oaths in and for Alberta or the Returning Officer. Appointments to have forms signed can be arranged by emailing [email protected].

The 2025 Election will be conducted by the appointed Returning Officer, who also oversees the elections for both the Red Deer Public School Division and the Red Deer Catholic Regional School Division. Municipal elections in Alberta occur every four years, in accordance with the Local Authorities Election Act, Municipal Government Act, and the Education Act.

For More Information

For details regarding the nomination process, eligibility requirements, and key election dates, please visit elections.reddeer.ca.

Continue Reading

Trending

X