The City of Calgary’s council committee has unanimously endorsed changes to the Downtown Post-Secondary Institution Incentive Program, which is supporting the University of Calgary in converting a downtown building into an academic, teaching, and research space. The Calgary Herald reports that UCalgary applied for $9M through the program in 2024. However, it encountered a hurdle: Program funds were only allocated based on what was previously designated as office space. Since UCalgary wanted to convert “retail” and “storage” space, it faced a $236K funding gap. The changes to the program give applicants more flexibility in what spaces they can receive funding for, including retail and storage spaces.
Calgary Herald (Acct Req)
