ICYMI: The downtown budget goose egg will likely be corrected, but no bonanza coming Column by DonBraid yyc ableg abpoli
Last Nov. 25, the day the city budget passed, councillors unanimously voted to “to explore a funding source in the amount of $20 million and engage with the government of Alberta to request matching funds for post-secondary conversion of office to institutional space as part of the Downtown Strategy.”Article content
Led by former minister Doug Schweitzer, the study said “investment in office conversion incentives will be required to remove an excess of six million square feet of office space” Calgary Chamber of Commerce CEO Deborah Yedlin, left, and Alberta minister of finance Travis Toews have a chat at an event hosted by Calgary Chamber of Commerce on Thursday, March 2, 2023.So, it’s pretty clear that the province knew, or should have known, what the city is asking for.
In Calgary, it could be done at far less expense by renovating buildings with great bones but no occupants.Not at all. It promises more than $2.9 billion in infrastructure money over three years.
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