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Originally Posted by speedog
Speaking of roads, I was doing some surfing yesterday and discovered an interesting little tidbit about the CoC with respect to the John Laurie/McKnight Boulevards realignment proposal - it is purported that the CoC already owns the 26 or so properties it figures will have to make way for this realignment to occur and that the CoC has owned these properties for over a dozen years already. If this indeed true, how long before the CoC moves forward with this project or are there other constraints/priorities that are taking precidence?
Kind of like the McKnight Boulevard expansion between Edmonton Trail and 4th Street NW - another project that has been quietly shelved but the CoC is still acquiring properties in that corridor to probably ease any future expansion.
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The City of Calgary has a "slush fund" of money to purchase properties in defined areas for the purpose of future infrastructure projects. I believe the account is called "Program 565" or "Program 645", anyway its got a really funny name. This Program is a legacy of the Glenmore 5th Street and causeway improvements. The left over money was reinvested into future projects.
This mystery program allows city administration to buy properties when they come available on the market rather than use expropriation or other means. When the project proceeds, the properties all ready purchased are sold to the project and the funds available for reinvestment. The fund is completely self sustaining.
Every few months you will see weird property purchases and sales listed as incamera or closed session items on the agenda. This is part of the reason why CoC has so many incamera sessions.
Former Councillor Andre Chabot and Mayor Nenshi werte about the most knowledgeable persons on council regarding the program.