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Recently Approved Adaptive Reuse Incentive Program Ready to Launch
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Recently Approved Adaptive Reuse Incentive Program Ready to Launch
Applications for the City’s new Adaptive Reuse Incentive Program will be accepted starting August 26. The program provides a matching grant to those wishing to renovate or adapt existing buildings that have historically significance, are deteriorating or that need improvement to meet current fire and building codes.
The Adaptive Reuse Incentive Program aims to support business and property owners in addressing the financial barriers that come with aging buildings. By giving new life to existing buildings, there is significant economic, social and environmental benefits for the community. This program will help add function, safety and vibrancy to the spaces that make Lethbridge unique.
The Adaptive Reuse Incentive Program can provide up to $100,000 in matching funding per property and applies to buildings in the downtown, warehouse district and 13 St. N.
City Council approved $900,000 in funding for the Adaptive Reuse Incentive Program as part of the 2019-2022 Operating Budget. This will be spread out over the 4-year period.
Applications will be accepted throughout the year. Should there be inadequate annual funding to meet demand, applications will be held in queue and processed in chronological order as funding becomes available.
Details on the program including eligibility and funding can be found website at: www.lethbridge.ca/downtownincentives.
