June 15th, 2024

City dishes out downtown incentive grants

By MEDICINE HAT NEWS on April 13, 2022.

A pickup backs into a parking spot on Third Street downtown in this December 2019 file photo. The city doled out more than $500,000 in downtown building incentives last week as part of its 'vibrancy' and 'housing' grants.--News File Photo

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More that a half-million dollars in downtown building incentives were allotted in two days last week, according to officials with Invest Medicine Hat which administers the Waterfront District “vibrancy” and “housing” grants.

The vibrancy grant refunds up to half eligible costs up to $50,000 to business owners whose improvements contribute to the city centre.

The housing portion pays parts of costs of projects that add residential units between Maple Avenue and Third Avenue SE, the Medicine Hat Arena lands and from the South Saskatchewan River to Fifth Street (downtown) and Balmoral Street (near N. Railway Street).

That grant provides between a maximum of $15,000 to $20,000 per address, depending on zoning.

They were opened for applications on April 1.

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