March 2019 Beban Building Update

At The end of 2017 City staff were "urging" IRMC to engage independent consultants to evaluate the financial viability of our proposed Year Round Market. IRMC engaged Farm Food Drink (FFD) to conduct a study and provide a report. That report indicates that the project is viable and suggests that IRMC develop the project in co-operation with the Vancouver Island Exhibition Society (VIEx). Following the FFD report an effort was made to find common ground with VIEx. That effort ended when VIEx rejected IRMC's attempts (download VIEx letter below) to establish a partnership between the two organizations stating it was interested in being IRMC's landlord but not its partner.

IRMC then updated its business plan (link below) and re-initiated discussions with Parks and Recreation Staff.  Progress in that effort is in the report that is available for down load below.