The City of Vancouver and the Vancouver School Board have announced an agreement to build a new school and daycare centre in the Olympic Village.
Under the agreement, the VSB will lease a site from the city for a future elementary school.
The education board, in turn, will sublease to the city a childcare centre that is planned to be included in the school project.
A media release Wednesday (February 24) recalled that the City and the VSB signed a childcare facility funding agreement in June 2013.
The agreement was meant to “help move forward the creation of school-aged care spaces within schools”.
The release also noted that the public school site was identified in the Southeast False Creek Official Development Plan adopted by city council in April 2007.
In addition, the VSB is applying to the Ministry of Education for capital funding for construction of the school.
“Under the proposed terms of the lease agreement with the City, funding must be obtained and construction must start no later than January 31, 2024,” the media release stated.