SS Sicamous Society project loan recouped six months ahead of schedule

(Penticton, BC – October 3, 2018) – The society responsible for overseeing the heritage and long-term care of the City of Penticton’s SS Sicamous has fulfilled, ahead of schedule, repayment on a loan supporting a collaborative improvement project.

Through an agreement approved by Council in spring of 2017, the SS Sicamous Society was given $50,000, of which 75 per cent required repayment in the form of a loan, for the purpose of building a pier in front of the Sicamous to improve access for tourists boarding the ship. The agreement was signed in March 2017 to enable the project to be commenced, while the society kicked off a parallel fundraising initiative.

“The SS Sicamous is a historic and iconic landmark in Penticton.  Council was happy to help with the project”, said Penticton Mayor, Andrew Jakubeit. “Repaying the loan early exemplifies how the society has turned things around to make the operation of this tourist destination sustainable. The society works diligently to improve the visitor experience and it wouldn’t be possible without its dedication and countless volunteer hours. We are very grateful for all that they do for Penticton and our little heritage marine park.”

Speaking on behalf of the SS Sicamous Society, President Jim Cooper says, “the society appreciates the support and trust that City officials and staff have shown the group in recent years and we look forward to continued cooperation in the ongoing ship restoration and park improvement projects.”

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Contacts:

Jim Bauer
Chief Financial Officer
City of Penticton
250-490-2480

Philip Cooper
Communication Manager
City of Penticton
250-490-2583