ICE District Phase 2 | 149.95m | ?s | ICE District Prop.

^ A 42-storey tower above the existing foundation infrastructure in ICE would cost ~$80 million leaving $120 Million for a 27-storey High rise connected to a 7-storey mid-rise with a revamped Mac Historical refit on 105th Avenue. This is possible.
This is close to the already developed and being further developed Stationlands, so it is a good place for new buildings. In a few years the feel of this area will really change.
 
^there are 2-3 north edge plans, one infamous one from the 70s or 80s.

^Aurora, wow, blast from the past.
 

  • 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. The Quarters CRL has so far been used to build $100 million worth of projects, which include The Armature pedestrian path, Kinistinâw Park, and the adaptive reuse of spaces the city owns for the arts. These projects have attracted private developments like The Hat, Double Tree Hotel, and Stadium Yards. However, the city said its projections show that there has not been enough private investment in the Quarters to pay for the infrastructure investments, due in part to the COVID-19 pandemic, opioid epidemic, increased construction costs, and worsening social disorder. Council could apply to extend the levy in the Quarters by 20 years and add five new projects. One project proposes to redraw the street grid in the Quarters by breaking up large blocks, which would create more opportunities for north-south access through the neighbourhood and allow easier land consolidation, the report said. The downtown CRL, meanwhile, has been more effective; the city said infrastructure investments downtown have attracted more than $4.7 billion of new investment, with 3,500 housing units completed or under construction since the levy came into effect in 2015. Council could apply to extend the downtown levy by 10 years and add new projects. Administration said it could use the downtown levy to improve LRT entrances, remediate empty contaminated lots, and contribute to an outdoor event space at the ICE District. If council approves extending both levies, the province would need to approve the extensions. The province announced on Feb. 28 it is working with the city and the Oilers Entertainment Group to provide funding for the ICE District event space and other projects in Edmonton’s core.
 

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