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Albertasaurus said:
It's still a big project, similar to the 30+ floor towers in terms of # of units (234 units) - but with a shorter, thicker tower (think Brooklyn) rather than a point tower. Personally I have no complaints about the overall massing but design-wise, it's not a looker. But it gets most of the important stuff right - some much needed housing in the downtown core, some CRUs at grade, decent massing and replacing another parking lot with something useful.

Mountain Man: yes, correct
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I cant even keep up with all of the project and developments. No complaints|!
 
MichaelS said:
Keep in mind that one property developing (and as a result, paying more in taxes than the previous iteration) doesn't mean the City collects more money. It just means the neighbours pay less. The amount the City collects remains the same, the burden of payment just shifts more to the more valued property. So, when the City says they want to increase taxes by X%, it means the overall amount they collect goes up by X%, but the distribution could vary wildly depending on how much a certain property value has changed compared to others year over year.

Also, most of the capital costs of new communities are paid by developers. For the portions of infrastructure that are not their responsibility to build, they contribute to it with offsite levies. I don't know if the City does the growth business cases process anymore (this current Council got rid of it, didn't like the "beauty pageant" aspect of it) so I am not sure if we will be able to see any updated analysis on the costs / payback period of these new communities.

I guess I just get frustrated / fed-up when I hear Councilor's pat themselvs on the back of how good of a job they did because they held tax increases at "inflation plus growth", a refrain we have heard for a long time. If that is the case, we can expect ever higher taxes as we continue to grow.
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The budget should grow at no more than inflation plus growth. Taxes need not follow the same trajectory as growth generates more tax revenue
 
Albertasaurus said:
It's still a big project, similar to the 30+ floor towers in terms of # of units (234 units) - but with a shorter, thicker tower (think Brooklyn) rather than a point tower. Personally I have no complaints about the overall massing but design-wise, it's not a looker. But it gets most of the important stuff right - some much needed housing in the downtown core, some CRUs at grade, decent massing and replacing another parking lot with something useful.

Mountain Man: yes, correct
Click to expand...
Location of where last of us series filmed...
 
Albertasaurus said:
Nice! Looks like they are applying for a rezoning to MU-2, which is "mixed use" and will require street front retail. Would be nice to see a few floors of residential above but we will see what they come up with.
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Better detail of the sign.

1ACD5652-1473-4DB7-876F-A8900845D7B5.jpeg
 
Albertasaurus said:
It's still a big project, similar to the 30+ floor towers in terms of # of units (234 units) - but with a shorter, thicker tower (think Brooklyn) rather than a point tower. Personally I have no complaints about the overall massing but design-wise, it's not a looker. But it gets most of the important stuff right - some much needed housing in the downtown core, some CRUs at grade, decent massing and replacing another parking lot with something useful.

Mountain Man: yes, correct
Click to expand...
Could it end up looking like a taller Cornerstone?
 
i find it funny there is an auto body shop on 17th ave. such a funny place to have it out of all possible streets besides like stephen ave
 
CalgaryTiger said:
Could it end up looking like a taller Cornerstone?
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It's much better than Cornerstone IMO. Again, not a looker but the at-grade treatment, which is arguably most important, is far, far better. The facade is OK - its sections of white, red and grey metal cladding. I'm actually happy that it's a midrise because the facade treatment looks OK in a midrise but would be far too "busy" in a taller building.
 
I put this in the Office Space conversion thread, but I'm putting it here also as not everyone visits the real estate section. It looks like the city announce another round of funding, this time $52 Million.

I have mixed feelings about it. I fully support the first round of funding, but at the same time I think the one time cost of $153 million was good enough. It'll put some residents in the core, but now maybe time to put money into other aspects of the core and pause to give time to see how the effects of the first round shake out.

calgaryherald.com

Calgary revives office conversion program with $52.5 million in new funding

The new round of funding sets aside $52.5 million in another attempt to lure developers to undertake the expensive conversion process.
calgaryherald.com calgaryherald.com
 
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Surrealplaces said:
I put this in the Office Space conversion thread, but I'm putting it here also as not everyone visits the real estate section. It looks like the city announce another round of funding, this time $52 Million.

I have mixed feelings about it. I fully support the first round of funding, but at the same time I think the one time cost of $153 million was good enough. It'll put some residents in the core, but now maybe time to put money into other aspects of the core and pause to give time to see how the effects of the first round shake out.

calgaryherald.com

Calgary revives office conversion program with $52.5 million in new funding

The new round of funding sets aside $52.5 million in another attempt to lure developers to undertake the expensive conversion process.
calgaryherald.com calgaryherald.com
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While I generally agree. It sounds like most of the new funding is coming from the Federal Government, so sorta free money for the city to pump into the program. Looks like they want some more non residential conversions as while (Post-secondary, hotels)
 
Nawads said:
While I generally agree. It sounds like most of the new funding is coming from the Federal Government, so sorta free money for the city to pump into the program. Looks like they want some more non residential conversions as while (Post-secondary, hotels)
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Good opportunity for the Alberta University of the Arts to find a new home? Their facilities are cramped and old.

Also might be a good chance for the UofC to get some more residence space rather than renting rooms in a motel village hotel.
 
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