With Edmonton’s heritage funding nearly tapped out, the city is turning to the private sector to find a saviour for two historic buildings on Jasper Avenue.
Last summer, city officials nearly tore down the Graphic Arts Building and the Mitchell and Reed Auction House, the latter best known for hosting the ARTery music venue. Transportation officials wanted the land to store supplies during LRT construction and councillors were told it would cost up to $5.3 million to keep the land and restore them.
Instead, Edmonton will put the land and buildings up for sale through a request for proposals. Real estate and housing branch manager Walter Trocenko said he’s been approached by several interested developers.
“It’s a middle-of-the-road approach that will hopefully satisfy the heritage community, save the best parts of those buildings and, quite frankly, not cost the City of Edmonton a lot of money,” said Trocenko after council approved the move this week. “There are people in this community that are passionate about heritage preservation. They’ve done some amazing work on other projects. This is an opportunity to see if the community is prepared to step up and come up with some great ideas.”
Full Story (Edmonton Journal)