The clock is ticking for developer John Day and his plans to build a slender new residential tower near the Alberta legislature.
For the second time this fall, council included a sunset clause on a new zoning permit. The extra 15 storeys council granted Monday is only good for 10 years, bringing the tower to 29 storeys. If he hasn’t started construction when the clock runs out, zoning rules revert to the 50-metre height limit previously in place.
It’s similar to the seven-year sunset clause council gave new zoning for the Healy Ford site, whereRise Real Estate plans to build three towers.
“This is an important provision,” said Coun. Scott McKeen, defending the time limit and asking administration to come back with a policy that could apply similar sunset clauses to future rezoning applications throughout the downtown core.