EDMONTON – A series of downtown building projects worth a collective $4.8 billion over the next five years has been outlined in a report released Tuesday by the Downtown Business Association.
That includes the arena project, the new Royal Alberta Museum, Grant MacEwan University’s new consolidated downtown campus and other office and residential towers. It also includes $2.1-billion worth of work it lists as “rumoured.”
The numbers are higher than the $2-billion that business association executive director Jim Taylor estimated when he hired an MBA student to compile the report at the beginning of the summer.
“Even Jim Taylor was surprised. We’ve blown the lights out,” said Nathanial Dyck, who presented his report to a roomful of business leaders Tuesday morning at Sutton Place Hotel.
The report lists 36 projects in total.
The report shows 70,000 people work downtown, while only 12,000 people live downtown. What would encourage you to move downtown? Give us your feedback on our Facebook page.
Read the full report by the Downtown Business Association below: