Coming to Executive Committee on March 26:
River Crossing Capital Profile Adjustment
Phase 1 is located directly southeast of the intersection of Rossdale Road and 97 Avenue NW (see Attachment 3). The project includes the redevelopment of 5.3 acres of land, including:
● Construction of a new road at 102 Street between 96 Avenue and 97 Avenue;
● Full signalization of the new intersection at 102 Street and 97 Avenue;
● Reconstruction of 96 Avenue between Rossdale Road and 101 Street;
● New and upgraded infrastructure within the roadways as required; and
● Subdivision, rezoning and plan amendment applications have been submitted to develop four lots that will be publicly listed for sale including three that will be medium density developments (4-6 storey buildings) and one high density development (8-12 storey building); this is estimated to be up to 300 dwelling units (dependent on the ultimate built form, to be delivered by community development partners).
Administration is requesting an additional $15 million in funding to capital profile CM-17-5047 River Crossing Redevelopment for construction of Phase 1 (see Attachment 4). The funding source for this work will continue to be Land Enterprise Retained Earnings. If approved, Administration will tender the construction work, with a planned start in late fall 2026, and the land being listed for sale in 2027 following completion of construction.
View attachment 722671
View attachment 722672