Office conversion incentive halted as Calgary seeks more funding, makes changes

The City of Calgary is pausing an incentive program meant to encourage developers to transition former office buildings into housing and other projects. It's because the number of existing applications has overwhelmed the currently available funding. Announced in August 2021, Calgary's downtown development incentive program helped pave the way for building owners to convert unused office space into residential buildings, hotels, schools or performing arts spaces. The program had an initial inves