The 2011 Vancouver Park Board budget planned for Emery Barnes Park to extend to occupy the entire block.
This table is reproduced verbatim below for easier reading:
|Program/ Project||Budget||Actual||Balance||Projected Surplus (Deficit)||Completed||
To Be Completed
|Emery Barnes Park-Phase 2 DCL||5,500,000||2,762,787||2,737,213||1,800,000||33%||Phase 2 of park is 90% complete||These funds will be used for Phase 3 of Emery Barnes Park, which is the demolition of final buildings on the park site and conversion into a park. Any surplus will be returned to the DCL reserve to be used for the next downtown park.|
As this table from the 2011 Park Board budget shows, a surplus of funds was expected to be left over after the completion of Phase III, to help build even more parks downtown.
The City acknowledges that it is well behind on its own targets for downtown parkland.
The entire 2011 Park Board budget can be downloaded as copied from the City webiste at CapitalBudget2011FINAL.