City of Calgary: Financing Infrastructure
(6 pages of text)
In 2007, the former Calgary mayor was preparing to make the case for a Community Revitalization Levy to secure financing to develop Calgary’s East Village, a downtown brownfield site. The East Village had a difficult history, and economic, social, and environmental issues abounded there. All previous attempts at redevelopment had failed. After doing meticulous research, the mayor presented to Calgary City Council his idea of the Community Revitalization Levy, the first of its kind in Canada, and it was approved. Next began the momentous task of carrying out the redevelopment, and the City of Calgary could not be directly involved. The mayor had to decide how the city could ensure the success of the redevelopment of the East Village.
This case is most appropriate for courses with a political or strategy focus in an entry-level MBA or advanced undergraduate program. It is also suitable for specialized business courses with a real estate element. The case gives students an opportunity to do the following:
- Consider the issues, concerns, and needs of the stakeholders (residents, local businesses, and Calgary City Council).
- Identify the strategy and vision for the East Village and make suggestions for the entity/organization best suited to undertake the area’s redevelopment.
- Analyze the alternatives and discuss potential outcomes given the presence of financial, political, logistical, and social constraints.
- Understand the social impact of development in an urban area that is home to many underprivileged, homeless, and low-income individuals.
- Recognize the importance to stakeholders of a successful city redevelopment.
Real Estate and Rental and Leasing
$5.30 CAD / $5.00 USD Printed Copy
$4.50 CAD / $4.25 USD Permissions
$4.50 CAD / $4.25 USD Digital Download