[VaultBoy]

I love how many trees that were added in the 109 to 114 portion. A drastic difference

 

[TAS]

I love how many trees that were added in the 109 to 114 portion. A drastic difference

Many of them are growing well, too, especially on the north side of the street.

 

[thommyjo]

Many of them are growing well, too, especially on the north side of the street.

Good time to plant before we hopefully see more towers in the next decade.

 

[Gronk!]

Extended CRL funding will cover this

 

[Barnaby]

I am quite pleased with the Provincial Government today. This 102-109st renewal is probably a top 3 most needed thing for the CBD.

 

[kcantor]

Extended CRL funding will cover this

View attachment 633624

Well... sort of...

CRL funding from the province doesn't actually pay for anything.

CRL funding for approved projects is simply the province agreeing to loan money to the City for the City to pay for that specific project.

Every single penny - plus interest - must be repaid to the province using city monies (ie property tax revenue) that would otherwise be available to spend elsewhere. It is a current council/administration method of committing future council's expenditures. There is some benefit to the City in that the cost of the loan is less than what the City would otherwise be able to borrow at but it is still not "free money". It's a bit of a shell game at both ends as the Province gets to treat the loan as an asset.

 

[roe_]

Well... sort of...

CRL funding from the province doesn't actually pay for anything.

CRL funding for approved projects is simply the province agreeing to loan money to the City for the City to pay for that specific project.

Every single penny - plus interest - must be repaid to the province using city monies (ie property tax revenue) that would otherwise be available to spend elsewhere. It is a current council/administration method of committing future council's expenditures. There is some benefit to the City in that the cost of the loan is less than what the City would otherwise be able to borrow at but it is still not "free money". It's a bit of a shell game at both ends as the Province gets to treat the loan as an asset.

What about the education tax component? I was under the impression the province forgoes some of that money in the CRL.

 

[constance_chlore]

I got a notice from EPCOR today about the water main relocations and upgrading along Jasper. The schedule is basically 114th to 117th from late March to late May/early June, 117th to 121 in late spring and summer, and 121st to 124th next spring/summer. They warn about the usual things surrounding utility relocations (potential noise from 7 AM to 7 PM, Monday through Saturday; road/lane closures, potential temporary water service needs).

 

[buildings]

there's already drainage work started at jasper/118st

 

[constance_chlore]

there's already drainage work started at jasper/118st

quick photo:

 

[Avenuer]

I know it's easy to complain about EPCOR but they seem to have a good handle on our water and drainage infrastructure, which has avoided any catastrophic water main breaks like we have seen in Calgary.

 

[Yeggy]

Well... sort of...

CRL funding from the province doesn't actually pay for anything.

CRL funding for approved projects is simply the province agreeing to loan money to the City for the City to pay for that specific project.

Every single penny - plus interest - must be repaid to the province using city monies (ie property tax revenue) that would otherwise be available to spend elsewhere. It is a current council/administration method of committing future council's expenditures. There is some benefit to the City in that the cost of the loan is less than what the City would otherwise be able to borrow at but it is still not "free money". It's a bit of a shell game at both ends as the Province gets to treat the loan as an asset.

The increase in education taxes that the city gets to keep, is the free money.

 

[jimmilegs]

The north half of Jasper Ave is closed to traffic from 114 St to 118 St - single lane traffic on the south half of the roadway. Equipment on site - looks like work is about to commence.

 

[constance_chlore]

Photo from late this afternoon.

 

[IanO]

I cannot wait to see this stretch done and then refocus efforts on 102-109st... and I might even argue to redo 100-102 as it looks AWFUL only a decade later.