Category incentives Show all
-
Second Intake for Re-imagine Downtown Activation Grants Still Open
Share Second Intake for Re-imagine Downtown Activation Grants Still Open on Facebook Share Second Intake for Re-imagine Downtown Activation Grants Still Open on Twitter Share Second Intake for Re-imagine Downtown Activation Grants Still Open on Linkedin Email Second Intake for Re-imagine Downtown Activation Grants Still Open link
With $90,000 supporting 11 initiatives during the first intake this past summer, including music festivals and business recruitment projects, the Re-Imagine Downtown Activation Grant program got off to a successful start in 2021.
As the Heart of Our City Committee (HOCC) continues to be proactive with Downtown vibrancy, there is still time for more as autumn has set in. The total remaining funding for the second intake of the Re-Imagine Downtown Activation Grant in 2021 is $60,000, with applications eligible for up to $25,000.
Announced in late May, the grant money aims to support businesses, entrepreneurs, organizations and community-minded individuals in implementing initiatives, events, and/or programs that seek to activate vacant, underutilized and under programmed private and public spaces and places within Downtown Lethbridge.
Funding is provided through the Downtown Redevelopment Fund’s unutilized contributions to the previous HOCC Activity Grant, which was temporarily suspended in 2020 with the continual changes to public health restrictions severely impacting the ability to plan for events and festivals in the Downtown – which support vibrancy, safety and economic stimulus for local businesses.
“The first 11 initiatives collectively provided a great boost to our Downtown through the summer months,” says HOCC Chair, Lorien Johansen. “We look forward to seeing more creative ideas to safely encourage people back into the vacant and underutilized spaces of Downtown.”
The second intake of new grant applications was set to close on October 1, but has been extended to November 1 at 4 p.m. Applications will be evaluated and awarded by the HOCC and all successful applicants will be required to meet and adapt to applicable COVID-19 restrictions in effect at time of initiative.
More information and the application form can be found here: lethbridge.ca/downtownincentives.
-
First TRIP Recipient Six08 Health Changes Landscape
Share First TRIP Recipient Six08 Health Changes Landscape on Facebook Share First TRIP Recipient Six08 Health Changes Landscape on Twitter Share First TRIP Recipient Six08 Health Changes Landscape on Linkedin Email First TRIP Recipient Six08 Health Changes Landscape link
The City of Lethbridge is excited to celebrate the official grand opening for the first downtown redevelopment project accessing the Targeted Redevelopment Incentive Program (TRIP).
With its $4.8 million redevelopment project at 608 5 Avenue South, Six08 Health (formerly East Meets West) is the first business to utilize the new municipal tax relief program. They opened at this location earlier this year.
The City benefits from this program in that, once the short-term cancellation period is over, a far greater amount of taxes are received due to the increased value of the property. For the Six08 Health project, the City will receive an estimated $88,000 more in annual taxes than what was being received prior to construction. This is income that will be received every year following the seven-year cancellation period.
“In addition to the additional long-term tax benefit to the City, this impactful capital investment has added 60 skilled jobs to the Downtown, including an addition of 30 for the new location (formerly located at WT Hill). This will bring more people, more activity and more vitality to the Downtown and we are optimistic on the positive impact this type of investment will have on our city’s core,” says Andrew Malcolm, Urban Revitalization Manager.
Six08 Health will bring together a multitude of health care professionals including massage, acupuncture, chiropractor, physiotherapy, naturopathic medicine, speech pathology, psychology, dental and dental hygiene, medical aesthetics, fitness, family & GI specialty medical, pharmacy, and supervised childcare. This unified team will have the common goal of providing optimal patient-centered care within a new state-of-the-art facility in downtown Lethbridge.
“Downtown Lethbridge is growing in a positive direction and we are excited to be a part of it,” says Dr. Sean Hantke, Six08 Health’s Clinic Director. “Working with the City to make Six08 Health a big part of the revitalization efforts is line with our business’s positive and proactive approach.”
TRIP is available for projects with a minimum construction value of $500,000. Encouraging redevelopment in the downtown will lead to greater property values and enhancements that will draw more activity to the downtown core. For more information on this and other downtown incentive programs visit www.lethbridge.ca/downtownincentives.
-
Construction Begins on First Project Funded by Targetted Redevelopment Incentive Program
Share Construction Begins on First Project Funded by Targetted Redevelopment Incentive Program on Facebook Share Construction Begins on First Project Funded by Targetted Redevelopment Incentive Program on Twitter Share Construction Begins on First Project Funded by Targetted Redevelopment Incentive Program on Linkedin Email Construction Begins on First Project Funded by Targetted Redevelopment Incentive Program link
The City of Lethbridge is excited to announce the start of construction on the first downtown redevelopment project accessing the Targeted Redevelopment Incentive Program (TRIP). Six08 Health (formerly East Meets West) will participate in the new municipal tax relief program as they embark on an estimated $4.8 million redevelopment project at 608 5 Ave. S.
"We are excited to welcome Six08 Health to the downtown and to be able to get shovels in the ground, and sledgehammers through walls on our first TRIP project," says Andrew Malcolm, City of Lethbridge, Urban Revitalization Manager. "This is a fantastic project that represents the biggest single private investment in the downtown in nearly 20 years. It will bring more people, more activity and more vitality to the downtown and we are optimistic it is the first of many large redevelopment projects coming to our city's core."
Construction has now started on the project which is expected to open to the public in February 2020. Six08 Health will bring together a multitude of health care professionals including massage, acupuncture, chiropractor, physiotherapy, psychology, dental, family & GI specialty medical, pharmacy, and supervised childcare. This unified team will have the common goal of providing optimal patient-centered care within a new state-of-the-art facility in downtown Lethbridge.
"Lethbridge is growing and we knew we needed to expand to keep up," says Dr. Sean Hantke, Six08 Health, Clinic Director. "When we were looking at where to create our new home, being part of the downtown just made sense. Our business is all about building positivity and being proactive. It was a perfect fit to work with the City and bring these attributes to the downtown, making Six08 Health a big part of the revitalization efforts. We're excited and proud to be a part of it."
To help encourage redevelopment in the downtown, Lethbridge City Council has approved this project for TRIP which will, for a period of time, cancel the municipal tax increase the business would have incurred after the renovations are complete. With a construction value of $4,850,000.00 the Six08 Health project qualified for a 7-year cancellation. The annual tax cancellation is +/- $88,000 for a total tax cancellation for the project of approximately $616,000.
The City benefits from this program in that, once the short-term cancellation period is over, a far greater amount of taxes are received due to the increased value of the property. For the Six08 Health project, the City will receive an estimated $88,000 more in annual taxes than what was being received prior to construction. This is income that will be received every year following the 7-year cancellation period.
TRIP is available for projects with a minimum construction value of $1 million. Encouraging redevelopment in the downtown will lead to greater property values and enhancements that will draw more activity to the downtown core. For more information on this and other downtown incentive programs visit www.lethbridge.ca/downtownincentives.
-
Recently Approved Adaptive Reuse Incentive Program Ready to Launch
Share Recently Approved Adaptive Reuse Incentive Program Ready to Launch on Facebook Share Recently Approved Adaptive Reuse Incentive Program Ready to Launch on Twitter Share Recently Approved Adaptive Reuse Incentive Program Ready to Launch on Linkedin Email Recently Approved Adaptive Reuse Incentive Program Ready to Launch link
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.
