The regional district board discussed a request from the Penticton Challenge triathlon race for a $25,000 grant at the board meeting on July 4.
Challenge’s request for the money was made after the 2013 budget was finalized. Chief Administrative Officer Bill Newell advised the board that the funds, if approved, would have to come out of the regional district’s economic development budget.
Several directors sympathized with the request, noting that the previous Ironman race had been an economic driver. Challenge, it was noted, needed to have a successful inaugural race in order for it to gain credibility and grow.
Area “D” Director Tom Siddon asked Penticton Director Gary Litke how much money, beyond “in kind” investments, Penticton was putting into the race.
“I don’t know if I can answer that,” Litke replied, adding that he would find out.
Directors also expressed concern that the request would not be a “one off” – but that the request for funding would return annually.
The board agreed to provide “a one time grant” of $25,000 to Challenge Penticton, from the regional district’s economic development funding, to Challenge Penticton.