Downtown Edmonton's Galleria project suspended
The Edmonton Galleria project, an arts district proposed for downtown, has been suspended. (Edmonton Downtown Academic and Cultural Centre Foundation )
The Galleria Project, a sprawling arts district proposed for downtown Edmonton, has been suspended by its board of directors.
The Edmonton Galleria Foundation released a statement Wednesday night, confirming the $850-million project is no longer considered viable.
"Bringing Edmonton Galleria Foundation's vision to life required us to be able to bring several different components together," reads the statement.
"Unfortunately at this time, and despite the significant support from the City of Edmonton, we have been unable to reach our milestones.
"The proposed state-of-the-art performing arts facilities were to be supported by the development of income-producing real estate which also would have provided a sustainable funding source for the arts and culture in Edmonton through the Edmonton Cultural Trust Foundation.
"The Board of Directors is appreciative to all those who supported the project."