Industrial Infrastructure Cost Sharing Program

By mmuise
Description:

When a front-end developer is required to construct oversized infrastructure, they will be entitled to recover their over-expenditure costs from 50% of the City’s new yearly tax revenue that directly results from the developer’s construction. This provides predictable cost recovery for the developer, which in turn, increases financial feasibility.


Comments on Funding:

The Industrial Infrastructure Cost Sharing Program is a hybrid between development levy and tax increment financing.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be front-end developers;
  • be based in the City of Edmonton.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise