Gronk!
Senior Member
What's the next step with the extended CRL? City Council approved it. Does the province need to approve it or something?
- Thread starter Daveography
- Start date
IanO
Superstar
It's before Council on Monday.
Read more:
Read more:
CplKlinger
Senior Member
The documents were all just posted a few moments ago, but the agenda URL changed when they were uploaded. Here's the new link.
Dubas
Active Member
Land servicing begins in 2026, Event Park construction begins in 2027.
Gronk!
Senior Member
On the agenda: ICE District event park, public hearings for Newton and West Jasper Place
Council is scheduled to debate the ICE District event park proposal and continue hearing rezoning applications.
edmonton.taproot.news
- Council will be asked to approve a master agreement between the City of Edmonton and the Oilers Entertainment Group. The agreement covers building a $250-million event park beside Rogers Place, the infrastructure for the Village at ICE District, as well as demolishing the Coliseum. If council approves the agreement, the City of Edmonton will contribute $102.8 million from the downtown community revitalization levy that will, in theory, be repaid through the increased property tax revenues the investment enables. It will also contribute $35 million in capital costs to demolish the Coliseum, which has already been approved by council. The province will provide $158.4 million in grant funding towards the projects. OEG, meanwhile, will contribute $3 million, plus $22 million in the form of the land for the event park, and $62 million of debt financing. If council approves the agreement, it will then vote on borrowing bylaws. If those are passed, city administration will then finalize the project with the provincial government.
MacLac
Senior Member
More Council meetings? Meetings for meetings? Anyway, now we're seeing the fine print....
354 units - that's what? 2 of Ian's sized wood framed 6 storeys? Or 1 larger'ish highrise? Or perhaps - 2 X Mid rises = 354 units? Or, Connect Center tower ONLY for 354 units?
354 units - that's what? 2 of Ian's sized wood framed 6 storeys? Or 1 larger'ish highrise? Or perhaps - 2 X Mid rises = 354 units? Or, Connect Center tower ONLY for 354 units?
Gus Haynes
Active Member
northlands
Senior Member
$200m+ in direct subsidization and we can't even hold OEG to a guarantee to build 774 units of MARKET housing.
If the penalties aren't too steep just blow this whole deal up. F*** this stupid fan park.
IanO
Superstar
Generally curious to look back in 10yrs.
Kosy123
Senior Member
“based on demand in the Edmonton downtown market” can’t pull that excuse when every project in downtown is leasing up.
Lol literally should’ve just spent the CRL money on Westrich or Qualico or a massive student housing accelerator fund
Only reason I was supportive of this was because of the housing units and we’re barely getting anything over the next 5 years.
Lol literally should’ve just spent the CRL money on Westrich or Qualico or a massive student housing accelerator fund
Only reason I was supportive of this was because of the housing units and we’re barely getting anything over the next 5 years.
TAS
Senior Member
Yup, putting money to housing incentives that a variety of builders can access would be better than just one developer. Housing is top priority for downtown.
Province should put public money in based on what the city's top priorities are.
TAS
Senior Member
Knack just asked and was told - OEG is not required to build a single unit to receive the event centre money.
At the very least, should have building permit timeline in place similar to student housing incentive.
At the very least, should have building permit timeline in place similar to student housing incentive.
CplKlinger
Senior Member
Not defending this agreement, but it's worth noting that similar funding is available to other developers (downtown infrastructure fund (CRL), brownfield remediation fund (CRL), infill infrastructure fund (HAF), etc.), and this agreement does require that the infrastructure/utility upgrades also enable development of the properties that neighbour this site.
CplKlinger
Senior Member
TAS
Senior Member
Council was surprised that the event centre uses includes conferences - before it was understood that it was primarily sports, entertainment and cultural. It's was confirmed that Explore Edmonton has not been contacted regarding this to see how that may impact convention centre at east Jasper Ave.