UrbanWarrior
Senior Member
Since the plan has been drafted and is going to council on Monday, might as well have a thread for it to discuss. The city is spending an initial $200 million on the first phase (total for first phase is $1 billion) to encourage transformation of the core areas. The first phase will focus on improving cultural institutions and the conversion of office space to residential. $77 million of the first 200 will come from the federal infrastructure fund, mostly directed toward Arts Commons, and the rest coming from city reserves and will go toward incentivizing office conversion and affordable housing.
"City officials say Calgary’s core needs about $500 million for “downtown vibrancy infrastructure and amenities” and another $500 million to address office vacancy over the next decade."
News story here… https://calgaryherald.com/news/loca...estment-to-transform-calgarys-ailing-downtown
The 115 page report here… https://www.calgary.ca/pda/pd/downt...ntown-plan.html?redirect=/greaterdowntownplan
"City officials say Calgary’s core needs about $500 million for “downtown vibrancy infrastructure and amenities” and another $500 million to address office vacancy over the next decade."
News story here… https://calgaryherald.com/news/loca...estment-to-transform-calgarys-ailing-downtown
The 115 page report here… https://www.calgary.ca/pda/pd/downt...ntown-plan.html?redirect=/greaterdowntownplan