The cost to reconstruct the damaged section of the Pier is $4.3 million.
Preliminary cost estimates for the reconstruction of the remaining sections of the Pier—including design, archaeological permitting, environmental permitting, seismic improvements, construction and contingency—are estimated to be $11.6 million.
The total Pier repair and reconstruction is planned to be paid for through a variety of sources, including:
- The Province of British Columbia has given the City $1 million toward the December 2018 storm damage, including the Pier
- The City will receive insurance proceeds related to the damage
- The City has applied for further federal/provincial infrastructure grant funding
- Community fundraising proceeds
- City reserves