What happens if the Main Street rebuild in Geraldton costs more than the provincial grant pays for?
$62,300,000total Main Street project cost in the 2026 budget book, funded by a provincial grant
The 2026 capital budget is far larger than usual because of one project: rebuilding Main Street in Geraldton, with new water, sewer and storm pipes underneath. The budget book puts the whole project at $62,300,000 over 2026 and 2027, paid for by a grant from the Province of Ontario. A grant agreement only pays for costs it counts as eligible. The book sets aside a separate allowance for costs the grant will not cover, and says the list of those costs is not yet known.
Found by reading the town's own documents · 3 sources