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@MichaelC No, they are still looking for provincial and federal funding. Apparently there is talk of funding it through The Quarters CRL, today in fact in the Executive Committee meeting:
http://sirepub.edmonton.ca/sirepub/mtgviewer.aspx?meetid=2121&doctype=AGENDA - Item 6.3
...there are still several financial hoops to jump through. The partners are depending on $13.6 million from the provincial and federal governments ($6.8 million each) as well as a grant from the Canada Cultural Spaces Fund to make the project financially feasible.
They’re also relying on a Canada Mortgage and Housing Corporation program to finance the building’s mortgage. An Artists Co-op Society would be created, which would facilitate residents covering the cost of the building over time, with artists paying a monthly fee toward maintenance and the mortgage.
Without those partners on board, Arts Habitat would have to approach private developers to finance the project, which could result in the city pulling back and a “complete retooling of the project,” according to city administration at an executive committee meeting on Tuesday.
ARTIST QUARTERS PROJECT HALTED
Since 2011 Arts Habitat, in partnership with Artists Urban Village, led the development of the Artists Quarters Project located in The Quarters in downtown Edmonton. In response to the City of Edmonton Expression of Interest (EOI) for the land at the corner of 102a Ave and 96 Street the development of this project, which has been significantly sustained by the City of Edmonton and Arts Habitat, has not made it to the building phase. Despite the concerted efforts and encouragement of many, the success of this project was reliant upon the matching support of Provincial and Federal governments to realize this affordable, appropriate, and sustainable artist live/work project.
We understand that not all developments make it to the building stage, and we take consolation knowing the expertise gained through the design process of Artists Quarters will educate future developments.
www.artshab.com
