City scales back area for downtown levy

City administrators have scaled back the boundaries for the downtown community revitalization levy, a key funding mechanism for the proposed downtown arena.

After consulting with provincial officials, the city removed several blocks centred around 101st Street and Jasper Avenue, an area already built up with office towers. The change scales back their high-end projections of what would be collected under the levy over its 20-year life from $1.6 billion to $1.1 billion.

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