The rough cost estimate for the project is $83-million.

The proposed bylaw requires the money to be paid back by the end of the year and city staff said the municipality would not necessarily take out the full amount.

The chief economist at TD Bank said the budget's measures to help first-time homebuyers could actually push housing prices up by as much as 5 per cent. And that means the Liberals' attempts to make it easier for first-time home buyers could actually make it worse.

"One of the key factors in this whole program is to try to improve the environment," the regional district area director said.

The figures were released as the regional district gears up for a referendum on borrowing up to $25 million for the new $40-million facility.

A referendum on borrowing $25-million for the project is expected to take place this fall.

The regional district plans to borrow $25-million for the project.

“These trails will undoubtedly result in increased tourism activity, and be a tremendous asset to local residents.”

A new study from TransUnion says Alberta and Saskatchewan had a big jump in credit card delinquencies last year.

The new legislation will allow borrowers to cancel their loans within 48 hours and repay the money without penalty.