From the article:
"Winnipeg's economic development office recommends council approve a package of assistance that includes up to $14 million worth of tax increment financing over 25 years, $10 million worth of housing grants and $16 million worth of infrastructure commitments in and around the property."
"The $10 million worth of housing grants will be split into two payments in 2025 and 2026, using federal housing accelerator money, the report says. The money will flow to a new non-profit organization directed by the Southern Chiefs' Organization and True North, which are overseeing the housing component of the project.
The $16 million worth of infrastructure work includes $7.5 million to extend Edmonton Street to the north, $6.5 million to build a new skywalk and upgrade existing sidewalks, and $2 million to help build a community drop-in space in the middle of the mall. City money for the drop-in centre was set aside in the 2023 budget."
So the City isn't actually giving any money to True North upfront. $14 million is coming from Tax Increment Financing, which as far as I understand is common for projects downtown. $10 million is coming from the federal government through the Housing Accelerator Fund. The last $16 million is infrastructure upgrades including a new skywalk.
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