Asset Management Plan

Thunder Bay is developing a new Asset Management Plan and we want to hear from you! Your perspective is crucial in this process. The City of Thunder Bay has a large annual infrastructure deficit and the decisions made relating to assets affect the types of services available to our citizens. We invite you to share your thoughts through a series of short surveys. The feedback you provide will significantly shape the plan, priorities, and strategies for future service levels. Your input is instrumental in ensuring that the City of Thunder Bay provides services that effectively meet the needs of the community.

On this page you will see regularly scheduled survey opportunities where you can provide your valuable feedback on City services.

Background

The Asset Management Plan Phase Two: All Assets was approved by City Council in May 2024.

This Phase Two Plan presents the current state of all city owned assets that meet the Tangible Capital Asset (TCA) policy threshold of over $10,000 replacement value for individual assets or over $50,000 for pooled assets. The plan is divided into sections based on the eight major asset classes: Transportation, Drinking Water, Wastewater, Stormwater, Facilities, Fleet and Machinery, Equipment, and Land Improvements.

Thunder Bay is currently in Phase Three of the Asset Management Plan development. In Phase Three, The City will:

• Establish proposed levels of service (LOS) for all assets.
• Determine performance of each asset category based on measures developed by the City such as those that would measure energy usage and operating efficiency.
• Develop a lifecycle management and financial strategy for all assets.

Understanding Asset Management

Asset Management is a process to guide spending decisions. It is all about making the right investment on the right asset at the right time at the lowest possible cost.

To do this right, we must:

• Know what we have
• Measure how well what we have is performing
• Take care of what we have it so it lasts
• Prioritize and plan for both what we have now and what we will have in the future

The City of Thunder Bay provides a wide range of services that are vital to our quality of life, such as clean drinking water, transportation systems, drainage, parks and recreation and emergency services. These services depend on physical infrastructure assets such as water treatment plants, roads, storm sewers, buildings, vehicles and natural assets such as wetlands and trees. The cost to replace these assets is estimated to be $4.8 billion.

As the City’s Asset Management process continues to be refined, we are able to make better informed decisions, to make best use of limited tax dollars to maintain essential services, strengthen our economy, lifestyle and well-being.

In the ongoing development of a financing strategy, the goal is to ensure a high quality of life for both current and future generations, aligning with Thunder Bay's vision of becoming a vibrant and dynamic community that grows together.

Your perspective is crucial in this process. We invite you to share your thoughts through a series of short surveys. The feedback you provide will significantly shape the plan, priorities, and strategies for future service levels. Your input is instrumental in ensuring that the City of Thunder Bay continues to provide services that effectively meet the needs of the community.

We invite you to view the Future-Ready Roadmap series of videos about Thunder Bay's Asset Management Plan:

1. What Is An Asset?

2. What Is Asset Management?

3. Why Community Involvement in Asset Management Matters

Learn more...

- Visit this page for updates on the development of the new Asset Management Plan. Public input will be welcomed at various stages.
- View Thunder Bay's Strategic Asset Management Policy No. 11-02-08
- For information on Thunder Bay's current Asset Management Plan, visit our Asset Management Plan webpage.