$62 million every year. That's how much new revenue infill in Edmonton's mature neighbourhoods is contributing to tax coffers each year, compared to 2016.
In total, we've added over $330 million of new revenue in 10 years.
From the city's memo to council, Residential Tax Uplift From Mature Area Redevelopment.
The memo
This comes from a memo circulated to Edmonton City Council. In it, the city reports that in 2025, revenue from redevelopment in mature neighbourhoods brought in an additional $6 million into city coffers.
The city's memo to council: Residential Tax Uplift From Mature Area Redevelopment.
And this number is cumulative. It's $6 million that we're going to continue to get for the foreseeable forever. This brings us to over $62 million every year that we wouldn't have had if we didn't pursue mature neighbourhood infill.
$62 million a year
That's $62 million a year using our existing roads and pipes.
It's $62 million a year while keeping up enrollment in our core schools.
It's $62 million a year with new businesses, coffee shops, and restaurants opening to support the new local clientele.
It's $62 million a year without destroying valuable farmland and increasing the size of our snow clearing routes.
When we know that our addiction to sprawl is going to cost the city $1.4 billion just for three areas...
Well, this is $62 million a year that hopefully we can use to start to get clean.
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