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This is a classic subsidy issue, if it is once subsidized it will always have to be subsidized. And if someone is doing it, you have to do it too. That's a summary of "free-market" economics since the 70's and 80's.
 
This is a classic subsidy issue, if it is once subsidized it will always have to be subsidized. And if someone is doing it, you have to do it too. That's a summary of "free-market" economics since the 70's and 80's.
Or the city can reduce the psf subsidy year over year. From what I remember the previous program had to close because too many applicants, that's clearly an indication they should lower and optimize the psf subsidy to maximize projects built.
 
New DP for a conversion of the T1 TransAlta tower opposite to Beltline Block

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Conversion to… residential?! That’s dope, I can take updates from my balcony 🤪
 
Glad to see the exterior is staying mostly the same, I always liked the look of this building. Just something about it being nearly square in shape really appeals to me. Anyone know the exact age of this building? All I can see in the historic aerial images is that it might be an add-on to a pre 1924 building.
 
I know we talked about more highrises in Bridgeland in another thread, looks like it might not be too far off from reality:

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Just following up about this rezoning application in Bridgeland, it looks like there will be a second one next door / across the street from it, through the Italian Cultural Centre (not yet up on DMap though). It is the same planning consultant, O2, and they have an engagement website for both of these applications, and there will be an event this Thursday for anyone in the area who is interested:

A few images from the site, keep in mind this is just conceptual as we are only at land use stage right now:
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