We Can. We Will: Make Downtown THE Place to Live, Work and Play

June 15, 2021

In a nutshell:  There’s a ton of empty downtown office space. Whether you work downtown or not, this issue has major implications for our City - and for your quality of life. A variety of spaces and experiences will help us make downtown THE place to live, work and play - moving the core from vacancy to vibrancy.

The backstory: Over the last five years, downtown property values have dropped by almost $18 billion dollars. When property values go down, tax revenues go down. Taxes generated on office space -- which have kept our city bustling for a long time - have evaporated, leaving a heavier burden on residential taxpayers like you and me.  

That’s why I’ve helped initiate Calgary’s Downtown Strategy recovery plan.

On costs: The initial cost of the plan is around $200m: 

  • $80 million to expand Arts Commons.
  • $55 million to create vibrancy projects downtown.
  • $45 million to incentivize office space conversion to residential or post-secondary use. 

The bottom line: A strong core helps build a strong city. The Downtown Strategy will help move the core from vacancy to vibrancy by attracting investment in residential, office, retail, entertainment, tourism, AND cultural spaces.

Related News

Calgary's Economy

July 26, 2021

Years of hard work result in agreement to get the Event Centre built

Calgary's Economy

July 20, 2021

Jeff Davison calls YYC to Banff rail link a huge opportunity for Calgary’s Downtown

Get Involved

Signup to be the first to get the latest news and updates from the campaign.