It’s worked for films, political candidates and disaster relief, so why not real estate? Crowdfunding, the act of soliciting funds from the public, most recently via the Internet, is already a powerful tool, but, until today, was difficult to do in real estate.
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Southern Alberta Newspapers
An Internet project in the M.D. of Taber has hit a snag.
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It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
– Thomas Sowell
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Strathcona County council has OK’d the distribution of funds for a functional planning study to be completed in partnership with the City of Edmonton for upgrades to 17th Street.
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Hwy 2 resurfacing and the completion of a regional wastewater project was part of a multimillion-dollar provincial funding announcement made by Alberta’s Transportation minister on Monday.
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EDMONTON – Mayor Stephen Mandel complained Wednesday that downtown arena opponents are misrepresenting numbers as council approved borrowing $542 million to pay for the project.
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Council voted Monday to borrow $154.7 million to construct a new compost facility, after the mayor’s 11th-hour bid for federal support was quickly shot down.
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Despite government cutbacks to this year’s provincial budget, cash for moving a manifold facility currently holding back development of a residential subdivision at the south end of Devon is still available, though no timeline for the work has been confirmed.
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High River residents could be staring down a roughly 4.7 per cent property tax increase this year, following town council’s decision Monday to add $750,000 to the depleted capital reserves fund.
Town staff says growth and property assessment adjustments already freed up an additional $275,000 to direct to the reserves, but to accomplish council’s directive, an additional $475,000 will have to be drawn from increasing tax rates.
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Other levels of government may be feeling the pinch, but the City of St. Albert isn’t getting squeezed.
City manager Patrick Draper presented a report to city councillors Monday evening at a regular meeting of the Standing Committee on Finance, saying that, despite the Alberta government dealing with multibillion-dollar deficits and the federal government making changes to several programs, the City shouldn’t feel too many adverse effects.
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