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Originally Posted by Delgar
Thanks, do you know if Edmonton received provincially funded infrastructure upgrades that could be considered connected to their arena?
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Check out this link here:
http://www.edmonton.ca/city_governme...tion-levy.aspx
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The Province of Alberta legislates and regulates the use of Community Revitalization Levies. The City of Edmonton must apply to the province for approval of the Capital City Downtown CRL Bylaw.
The province also contributes, however, by dedicating the portion of education taxes collected for the province to pay for the approved projects; (...) only the increase in school taxes from the assessment increases from the baseline in the CRL boundary is affected.
The CRL is limited to 20 years in length. Once complete, the increased municipal property taxes and school taxes dedicated to the CRL will return to civic and provincial general revenues.
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