[trtcttc]

In simple terms, property tax mill rates are adjusted around the annual city budget and current property values. It's bullshit when a development is presented as increasing property tax revenues by x millions of dollars.

But a property that was generating $0 in property tax and is now generating say $1M in property tax reduces the tax burden on everyone else and reduces other people's absolute tax expense. The argument for conversion is that a lot of the infrastructure is already there, like roads, water, electricity, gas, etc.

 

[maestro]

In theory, yes. The argument is about subsidizing demolitions as they do in the Rustbelt experiencing generational decline. Calgary is growing at a record pace. A project like this will go forth upping the value of the property and rebuilding the sidewalks to the standards outlined in the municipal sidewalk guild line without any subsidy. The city can afford it now. It's still excess waste money as the city may be in worst shape in the future.

 

[GoVertical]

Demo almost done!

 

[Jhawk]

This is also going ahead, but not as soon as the one across the street from it, more like spring time frame.

 

[Golfing guy]

Demo almost done!View attachment 605285

Regardless of when/if the new build starts. It looks sooooooo much better with that eye sore gone

 

[UrbanWarrior]

This is also going ahead, but not as soon as the one across the street from it, more like spring time frame.

That’s still wild. We’ll have had 6 tower starts within 3 months of each other, and a minimum of 7 in 9.

 

[IceCreamMan]

Came across this on LinkedIn from Cantiro, new renderings if people haven't seen this... I'm sure it's this tower:

https://www.linkedin.com/posts/cant...Hs?utm_source=share&utm_medium=member_desktop

 

[CT (Chinese_T)]

Here's all of the latest renderings I could find

 

[Urb]

The black & red definitely give it a death star vibe. Overall, a decent tower though.

 

[Garceyues]

That’s still wild. We’ll have had 6 tower starts within 3 months of each other, and a minimum of 7 in 9.

Was just thinking about how I am struggling to keep track of all the new builds in the downtown and beltline and then I came across this thread!

 

[UrbanWarrior]

Wow yeah, that will definitely make quite an impact. A lot different from it's surroundings. And they're being honest with the amount of spandrel being used in the renders. As long as the vision glass is black tinted, it will be a nice addition. Could look bad with clear glass and white blinds behind all of them.

 

[Dkeirle]

It looks good enough. It’s kind of an average tower, but the red will make it stand out.

 

[BKha]

This is also going ahead, but not as soon as the one across the street from it, more like spring time frame.

Any chance the timeline has changed? I’ve heard through a friend of a friend that this is going to be starting construction soon.

 

[Albertasaurus]

Any chance the timeline has changed? I’ve heard through a friend of a friend that this is going to be starting construction soon.

Because it contains an affordable housing component, I believe it is likely being fast tracked, so it's certainly possible - but the DP might need to go to Planning Commission first. Unless, of course, they're doing a Scotia Place and can start shoring and excavation in advance?

 

[Spring2008]

Decent tower, I guess this will be the little red area with this, the peace bridge, and cidex's proposal. There was a large excavator still sitting there when I drove by the other day, likely from the demo but I think they would haul it out if they weren't starting soon. Prob not cheap to rent those long term without planning to start.

There's also a couple drillers at the nearby Lacaille site, Cidex development may start soon and the two office conversions are happening nearby. This had to be the ugliest stretch of downtown for years, and now it looks like it's all getting redeveloped at once with about 2,000 new residents in a small area.