Yesterday, CityWest made a $400,000 distribution payment to its sole shareholder, the City of Prince Rupert.
The payment was made official at an end-of-year shareholder event, which also included Prince Rupert city councillors, and CityWest board members.
At the event, CityWest CEO Don Holkstead spoke on the progress the company has made in expanding its services, and the value it brings to the City of Prince Rupert.
According to a press release, since 2005, CityWest has paid the City of Prince Rupert $6.3 million in dividends and distribution payments, as well as $1.75 million in local taxes and levies.
It has also spent over $2.7 million to local vendors since January 2014, which includes $1.6 million in Prince Rupert alone.