The City of Calgary is considering ways that it can encourage postsecondary institutions to move into the city’s downtown core. Members of Calgary’s executive committee unanimously endorsed a recommendation to revise the Downtown Post-Secondary Institution Incentive Program’s terms of reference. The recommended revisions include updating the review and evaluation process, providing incentives to the postsecondary institution rather than the building owner, decreasing the minimum occupancy requirement, and allocating funding only to publicly funded institutions. Steven Sinclair, the acting manager of investment and marketing for the city’s downtown strategy, said that the changes will improve the incentive program’s governance structure and clarify the decision-making process.
