Local Area Investment Fund
What is the Local Area Investment Fund?
As part of the current budget cycle (2023-2026), Council has approved a $20 million fund. This fund will support the implementation of public infrastructure and amenity improvements in approved local area plans.
What does the Fund do?
The Fund directly supports communities as they grow and change through investment in community improvements. It supports projects that seek to enhance mobility, liveability and access to and use of community amenities.
How are projects considered?
Projects considered for funding are developed as part of the local area planning process and are found in Chapter 3 and Appendix A. These projects are informed by community input and are guided by each plan’s core values.
How are projects selected for funding?
Each potential project is assessed to determine if it qualifies for funding. This assessment considers community capacity, investing in parks and open spaces, and promoting equity. In addition, it considers community benefits and mobility options. As local area plans are approved and funding becomes available, new projects will be identified and prioritized for funding from the Local Area Investment Fund.
What projects have been selected for funding?
Projects selected for funding from the Local Area Investment Fund include:
*Design-only projects
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89 Ave Connection
Heritage Communities Local Area PlanDesign and build a traffic-calmed walking route between Max Teal and Red Line
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Acadia Drive / 90 Avenue SE
Heritage Communities Local Area PlanDesign for a slower, safer, multimodal corridor*
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45 Street Mobility Enhancements
Westbrook Communities Local Area PlanDesign of multi modal improvements*
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Spruce Cliff/Bow Trail
Westbrook Communities Local Area PlanPedestrian improvements (if feasible)
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Glenbrook Park
Westbrook Communities Local Area PlanDesign and construction of park pathway
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Killarney Summer Park
Westbrook Communities Local Area PlanPilot project to install a temporary green space along an underutilized residential street in Killarney to provide new options to play, socialize, relax, and gather in the community.
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Chinatown Streetscape
Chinatown Area Redevelopment PlanDesign and construction of streetscape improvements between 2 and Avenue S to enhance Centre Street as a place and connector.