Staff seek approval Capri-Landmark
City Council will be asked to update the Official Community Plan on Monday and make bylaw changes in support of redevelopment of the Capri-Landmark area.
The City spent a year and a half in consultation with businesses and residents in the area to establish long term objectives. Some of those include:
-More park space
-Extending Sutherland Avenue from Burtch to Spall
-Maintaining affordable housing
-Redevelopment of Capri Centre Mall
-Creation of new sidewalks and cycling routes
-High density residential and commercial development. The plan is expected to provide enough additional housing to accommodate 6 or 7 thousand more residents over the next 2 decades.
The projected total cost to develop the Capri-Landmark area over the next 20 plus years is $96 million. Taxpayers would foot about 34% percent of the total cost, or, roughly $1.6 million, per year, for the next 2 decades.