RDN supports call for $150 million for Island Coastal Economic Trust
RDN supports call for $150 million for Island Coastal Economic Trust

 By Rachelle Stein-Wotten  Local Journalism Initiative Reporter The Regional District of Nanaimo has signed on to a letter to Premier David Eby calling for $150 million in funding for the Island Coastal Economic Trust.   Established 17 years ago, the trust (ICET) “was created not on an equal basis with other trusts around the province,” Electoral Area H Director Stuart McLean, who also sits on the North Island-Sunshine Coast Regional Advisory Committee for ICET, said at the March 28 board meeting. “It was a non-sustaining trust so it did not have enough initial investment to be self-sustaining through distributing investment proceeds over time.   “It has been a great economic benefit to our area taking the $50 million initial investment and turning it into hundreds of millions of dollars in

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