East Village developer will oversee Olympic Plaza revitalization and Stampede expansion
Could see new building or parkade at plaza, infrastructure improvements near Stampede
The city-owned corporation responsible for the redevelopment of East Village is expanding into some new areas.
The Calgary Municipal Land Corporation will oversee the city's planned revitalization of Olympic Plaza, the municipal plaza in front of City Hall and the Arts Commons block.
"We are being asked as part of a stakeholder or steering committee, if you will, to come up with a concept that will connect the park space better with the vision of Arts Commons," said Susan Veres, a spokesperson for CMLC.
That vision could include a new building on Olympic Plaza's northwest corner and potentially an underground parkade, things which would help generate revenue for the public space.
- MORE CALGARY NEWS | Maternity ward in Canmore to double in size
- MORE CALGARY NEWS | Uber 'just can't operate' in Calgary under proposed new rules
In addition to the area around City Hall, CMLC has also signed a deal with the Calgary Stampede, which means the corporation will likely complete the Stampede's master plan, including the redevelopment of land in Victoria Park.
"We might even act as their land agent if they needed to sell land and sell the land for them, come up with a creative design," said Veres.
The CMLC would like to "add horizontal infrastructure" to the district north of the existing Stampede Park, said Veres, which "would allow the Stampede master plan vision to attract investors and business operators."
Veres said they hope to reach a final agreement with the Stampede later this year.