It’s Canada Day, 2017. The country celebrates its 150th birthday. The Winter Garden, which borders the new arena, is hosting a party. And, the Galleria, the heart of the new four-block-wide arts neighbourhood, is filled with revellers who are there for a number of plays and dance recitals.
Downtown is once again the place to be.
The sidewalks are packed with pedestrians checking out the shops. Cafes and patios are filled with families. Those walking in the Galleria can look in on shows happening at the adjoining theatres through the glass walls. A large screen drops, and passersby stop to watch a film.
It’s an $800-million dream; and Irv and Dianne Kipnes want to make it a reality. The developers and liquor-chain giants want the Downtown Academic and Cultural Centre to be their lasting legacy for the City of Edmonton.
The scope of the project? An estimated 650,000 square feet of space for the University of Alberta’s new downtown campus along with 300,000 to 400,000 square feet of office space and another 300,000 to 400,000 square feet of theatres. It is one of the most ambitious, city-transforming projects Edmonton has ever seen – and it’s slated to be the arena’s next-door neighbour.
The project is budgeted to be self-sufficient. While the aim is to offer affordable performance and rehearsal spaces to larger groups like the Edmonton Opera and Alberta Ballet, it is also designed to give smaller theatre, dance and music companies the space they need to flourish.
Irv says the maintenance model is simple. Funds raised through the university’s lease and the use of the office space will then be funnelled back to the theatres and arts spaces, which will lower the costs for thespians, dancers and musicians to use the stages.
“The development that’s going to fund this is the university [lease] and the third-party office space. With excess funds from those venues, there will be financial support for the theatres.”
City Council voted July 3 to endorse the project, and agreed to a framework to fund the plan. But that framework indicated federal and provincial contributions that were to be determined and the city’s portion wasn’t finalized.