|
|
|
- Thread starter IanO
- Start date
IanO
Superstar
Really disappointed by this decision; while a bit superflous, it was an important connection and could have been quite an attraction.
Munanyo
Active Member
At least it hasn't been cancelled outright. I'm bummed out about it and it would've been a great attraction, but not surprised council put this one on the shelf with all the other projects needing funding.
itom987
Active Member
The gondola has been suspended so suspending the bridge makes sense.
archited
Senior Member
The bridge was a suspension design -- I guess that was forefront in the minds of Councillors wanting to fulfill the meme. Worse, now some of the wheelchair-bound will have much farther in some instances to travel in order to take the funicular ride.
In all seriousness, if the gondola was to be built then investment in that area would be justified because it would become a bona-fide attraction. Without the gondola, it's just kinda lame.
Killing the gondola and regional transit are the 2 most frustrating things this council has done. Both decisions have set the city back tremendously.
Killing the gondola and regional transit are the 2 most frustrating things this council has done. Both decisions have set the city back tremendously.
trevorhayden
Active Member
Exactly! Approving both would have had minimal impacts on the total property tax rate.
Gronk!
Senior Member
Extended CRL funding for the new pedestrian bridge
Greenspace
Senior Member
^It is proposed project, still to be confirmed by Council in the fall budget.
Gronk!
Senior Member
With CRL funding and potentially lowered municipal taxes, they would be fools to vote against this.
Barnaby
Senior Member
Can the GOA please fund the gondola as an ETS project?
kcantor
Senior Member
You do know that CRL funding is simply a loan from the Province that the City has to pay back don't you? And it has to paid back from future property tax revenues which means those monies aren't available to the City for other purposes which in turn requires higher municipal taxes in the future? It's a bit of a shell game at both ends - the City takes on more debt that has to be repaid with interest while the Province records the loan as an asset.
Gronk!
Senior Member
On the agenda: Community revitalization levy, violence prevention, transit priority
This week, council committees will meet to debate whether to extend the community revitalization levies in downtown and the Quarters, hear about the city's new plan to prevent violence, and discuss more locations for transit priority measures.
edmonton.taproot.news
- The community revitalization levies in the Quarters and downtown may be extended, according to reports scheduled to be presented to executive committee on March 5. The CRLs are tools for municipalities to rejuvenate underdeveloped areas by allowing public infrastructure investments to attract private investments that can repay the public investment. Within the levy area, a baseline property assessment is established, and for up to 20 years, increases in property tax revenue above that baseline, resulting from new development and property value growth, go toward the CRL. That means new developments essentially repay for infrastructure investments.