Quote:
Originally Posted by monkeyman
Bunk, do you know if another CRL is even possible right now? I was under the impression that a west village CRL would require provincial buy in and that would be very unlikely with the East village still being developed.
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CRLs do require provincial approval. It’s not impossible, as Edmonton has more than one CRL on the go, but the appetite from the current government might be low as they also forego provincial education property taxes during the life of a CRL. It would certainly be seen as riskier in the current economic climate and real estate market - both for commercial and multifamily residential.