The Downtown Improvement Reserve Fund Policy is:
a) to establish a reserve that is used exclusively for the Prince Albert Downtown Business Improvement District for projects or programs as approved by City Council; and,
b) to assist the Prince Albert Downtown Business Improvement District in their mission to facilitate the continuing development of a vibrant and prosperous downtown.
Each year $40,000 to added the PADBID Reserve Fund. The funds are the proceeds from parking meters fees.
Through the years funds have been used in a variety of ways for the benefit of the Downtown. Here are a few of the projects from 2019: