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VSB and BC Hydro finalize deal over Lord Roberts Annex school

BC Hydro and the Vancouver School Board reach deal
WATCH: BC Hydro and the Vancouver School Board have reached a deal on building an underground substation on the current site of the Lord Roberts Annex School.

Editor’s Note: An earlier version of the story said $65 million will be used to build a new school and child-care spaces in Coal Harbour. In fact, the money will go towards a school and child-care spaces in Coal HarbourĀ as well as construction of a new school at the Lord Roberts Annex site.

The deal between the Vancouver School Board (VSB) and BC Hydro allowing the utility to build a new substation below Lord Roberts Annex school has now been finalized.

READ MORE: Controversial BC Hydro substation plan approved

The school district will receive between $73 million and $75 million, $65 million of which will be used to build a new school and child-care spaces in Coal Harbour, to be completed in 2023, as well as construction of a new school at the Lord Roberts Annex site.

Then the kids at Lord Roberts Annex will be relocated temporarily, while Hydro builds the new substation underneath.

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Once that is completed, a new school will be built at the Lord Roberts Annex site.

As well, the agreement includes $2 million for construction of a playing field at the new school.

Everything is to be done by 2028.

Hydro says it needs to build a new substation in the West End because the electricity system in downtown Vancouver is aging and requires upgrades.