MacEwan University's downtown campus is getting significantly bigger after the province announced it will contribute $30 million to the Centre for Arts and Culture.
"This signals a turning point for MacEwan University," said president David W. Atkinson in a news release.
The building will allow the school to consolidate operations in the downtown core and allow for growth to more than 17,000 students from the current 13,000.
The five-storey building, which will be home to visual and performing arts programs, consolidates programs currently spread out at the school's west end and Mill Woods campuses.
The total cost of construction is estimated at $153 million with the remaining cost to be paid for by the sale of the two campuses along with internal university resources, parking revenue, retail leasing agreements, and private fundraising.
Construction is expected to start this summer with the new campus building open for students in the fall of 2017.