Mahsi, Mr. Speaker. Mr. Speaker, I rise today to inform Members of the developments relating to the construction of the new recreation complex in Inuvik. The recreation complex is a project that has been in the planning stages for many, many years and in the last few years, we've been able to move forward substantially, to the point where we're now starting to put nails in wood and get a building up.
Mr. Speaker, in spite of the substantial setbacks and demoralizing outcome of the recent Arctic Winter Games bid process, the people of Inuvik have taken new heart and new energy. They're confident that this government will take appropriate corrective action to ensure an effective and equitable selection criteria and process is developed so that all communities are able to bid on an equal basis for future Arctic Winter Games.
Inuvik has demonstrated that it is a community that possesses great initiative, complemented with a capable, competent and active volunteer base. A community-wide effort is now being made to ensure that there is successful fund-raising and timely construction of a new recreation complex for Inuvik. Once again, residents from the community have pulled themselves together to act and have committed themselves to achieving success for this project.
A new, revitalized volunteer fund-raising committee has been formed to oversee and coordinate fund-raising operations for the new recreation complex. A strong, broad-based fund-raising strategy is currently being implemented. They have a target to raise $1.4 million. The other $3 million required for this $4.4 million project has been identified and funds are currently being secured.
Mr. Speaker, I seek unanimous consent to conclude my statement.