CALGARY, ALTA. — The City of Calgary has approved $53.5 million in redevelopment costs for city-owned Bridgeland Place, an affordable housing complex.
The figure represents 49 per cent of the $109 million project.
Once redeveloped, the complex, located at 736 McDougall Court N.E., will have more than 222 homes, a news release states.
The city announced it will be searching for further funding opportunities and collaboration with other levels of government.
The city voted to close the building in March 2021 resulting in a 22-month resident relocation program. Redevelopment preparations are expected to begin in the middle of 2023.
“With one-in-five Calgary households struggling to pay for housing costs, this redevelopment will help ensure that low and moderate income Calgarians have a safe, stable place to call home,” said Bo Jiang, acting director of Calgary Housing and acting president of the Calgary Housing Company, in the release.