Yeah, they did an alright job with the interiors. Exposed concrete ceilings is quite typical and a feature more people like.I was just looking at this, i love the exposed concrete. they did a good job coordinating all their mechanical too to make those bulkheads clean, based on what the photos show. these interiors are pretty nice!
“The grant leveraged approximately $24 of private investment for every $1 allocated, a total of $22.9 million in funding. As a result of the program, 10 projects worth $551 million in construction began, creating 4,050 jobs, 2,341 residential units and 78,000 square feet of commercial space in and around downtown.”City grant program seeing “tall” results in downtown development July 28, 2023 A new seven-floor residential building is open in Edmonton’s downtown, thanks in part to City of Edmonton investment. SYNmyemail.constantcontact.com
Agreed. Ideally a development friendly government that has streamlined processes to cut permit timelines and lenient zoning bylaws is preferable to any sort of developer subsidy tbh--just stay out of the way of progress (within reason).My personal opinion is government should not be in the business of handing out tax dollars for private for profit developments, unless there is a more targeted reason.
Stock of housing would still be built without financial donations from local government to private developers.
However, this may accelerate projects, especially in zones where government may want to encourage immediate development though. Obviously some of the funds get recouped through increased property taxes collected during the difference in time projects would be built with/without incentive.
My personal opinion is government should not be in the business of handing out tax dollars for private for profit developments, unless there is a more targeted reason.