Budget 2012
2012 Operating Budget Information Overview
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This City-led redevelopment of 18 city blocks directly east and adjacent to downtown Edmonton (97 street to 92 street and 103A Avenue to the top of the river valley) will help revitalize an historic district in the heart of our community. The Phase 1 project is valued at $56 million.
Investment in the Capital City Downtown Plan Catalyst Projects (supported by a Community Revitalization Levy - CRL), are intended to yield improved infrastructure, increased urban densification, increased economic activity in the core, and greater transit connectivity.
Total cost of City-led Catalyst Projects included in the Downtown Plan is estimated at $386 million (2011 dollars). Potential projects to be supported by the CRL or through debt borrowing are:
A Design Plan will facilitate the development of the West Rossdale lands from a largely vacant, under-developed area into an attractive, livable well-designed community.
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