University of Calgary, Haskayne School of Business

Anchor Institutions: Diversifying Economic Growth Engines for Calgary’s Urban Core

Total Funded: $66,000
Location: Calgary, Alberta

This interdisciplinary project will study a new development solution based on anchor institutions to revitalize Calgary’s declining urban core. The economic downturn has brought considerable negative impacts on the urban core represented by the high vacancy rate of downtown’s Class-A office buildings and dilapidated housing and aging infrastructure in the urban core areas. To develop solutions to these challenges, the project will 1) conduct research on best practices of urban revitalization catalyzed by anchor institutions, 2) study supporting planning policies (e.g., financial incentives, development regulations), and 3) produce development scenarios through interdisciplinary studio courses.