Edmonton's arena and surrounding entertainment district didn't get any provincial government funding a decade ago and some are calling into question the timing of Calgary’s announcement.
The Government of Alberta introduced Community Revitalization Levies to help cities and towns stimulate activity and economic growth in under-developed areas in their communities.
The new revenue that comes in is then used to directly pay down the debt of the project, rather than go toward the city’s coffers.Knack wants to know other major infrastructure investments are going to be made in municipalities across Alberta. Knack said he don’t think any order of government should be able to make such big announcements so close to an election period — the writ drops in Alberta next week — noting the federal government does it as well.
“There’s been lots of proposals about how we can assist in revitalising Calgary, especially in the downtown area, and we felt that this would be the absolute best way to do it because it is investing in public infrastructure, it’s helping to build out an entire district,” Smith said on Tuesday.
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