US Edition‘A great idea’: How office conversions could resurrect Calgary’s ailing downtown
- Calgary is encouraging developers to convert abandoned office buildings into apartments, offering over $200 million for retrofitting efforts.
- So far, 11 projects have been approved, with only two completed and six more expected this year.
- Despite these efforts, the success of the program is debated, as many believe it won't fully solve downtown vacancies.
- Calgary's program parallels past initiatives in Lower Manhattan, aiming to revitalize the area amidst economic challenges.
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Cities and Promoters Want State Money to Convert Office Buildings to Homes and Other Businesses – Minnesota Press
Cities and developers want state money to convert office buildings into homes and other businesses By: Madison McVan-MN Reformer As the value of commercial buildings plummets after the pandemic, Minnesota city leaders want state aid to turn underutilized buildings into homes or better commercial uses. Office towers that were once privileged places for front-line tenants have been selling with huge discounts - 97 percent in a recent case - which …
·Minneapolis, United States
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Total News Sources17
Leaning Left8Leaning Right1Center2Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 18%
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