On the agenda: Final meetings for 2021-2025 council
It's the last week of meetings for Edmonton's 2021-2025 city council. This week, council is scheduled to finish off the downtown event park deal, squeeze in several requests to administration, and review rezoning applications.
There is a public hearing scheduled for Sept. 15, a city council meeting scheduled for Sept. 16 and 17, and a special city council meeting scheduled for Sept. 19.
Here are key items on this week's agenda:
- Council is scheduled to vote on the bylaw that would finalize the event park deal between the City of Edmonton, Oilers Entertainment Group, and the province. Council voted 9-4 in late August on the first reading of the bylaw that finalizes the deal, and now the bylaw is ready for the third reading. The agreement covers building a $250-million event park beside Rogers Place, the infrastructure for the Village at ICE District, as well as demolishing the Coliseum. If council approves the agreement, the City of Edmonton will contribute $102.8 million from the downtown community revitalization levy that is to be repaid through the increased property tax revenues the investment is intended to catalyze. It will also contribute $35 million in capital costs to demolish the Coliseum, which has already been approved by council. The province will provide $158.4 million in grant funding towards the projects. OEG, meanwhile, will contribute $3 million, plus $22 million in the form of the land for the event park, and $62 million in debt financing.
- Edmonton is expected to receive up to $164.2 million to replace, upgrade, and expand core transit infrastructure over the next 10 years from the new Canada Public Transit Fund. To put that number into context, council approved spending $446 million on transit growth and renewal in the 2023-2026 capital budget. A report that is scheduled to be presented to council on Sept. 26 said the federal government will fund up to 40% of the delivery and 80% of the planning and design of capital projects. Edmonton must pay the rest in order to receive the federal funds. Administration has also indicated interest in the fund's Metro-Region Agreements Stream, which is intended to fund transformational projects such as major fleet growth, as well as BRT and LRT growth. The city is working with Strathcona County, St. Albert, Spruce Grove, Fort Saskatchewan, Leduc, Leduc County, Beaumont, Stony Plain, and Parkland County to apply for the regional stream. Administration said it will bring forward the budget adjustments needed to leverage the federal funding at the next capital budget adjustment later in the fall.
- The Métis Capital Housing Corporation has proposed the first affordable housing site in Blatchford. The development would include 55 housing units for vulnerable families requiring supportive recovery. The units will be rented at 80% of the average market rental rate for 40 years. The site was not offered to the public. Instead, the city presented MCHC with a list of potential sites for an affordable housing project, and the organization chose the Blatchford site. While the city typically encourages transparency by listing for sale all developable properties, administration said it recommended a direct sale to MCHC because the proposed project aligns with the city's priorities. The site is valued at $2 million, and administration aims to sell it to MCHC for $1. Council is set to vote on the proposal on Sept. 16.
Here are some other notable items on the agenda: