Go/No Go Decision and Next Steps

Factors considered Go (Yes)

Is the project in our area of expertise?

Are we able to buy the land at reasonable rate?

Is the project profitable enough for us, based on its budget and fees?

Would the project present a possibility to expand our expertise or market?

Is the cost to develop our proposal reasonable?

Is the proposal in sync with the market’s needs and preferences?

Do we have the internal or external resources to pull this project off effectively?

Does this project really fit our corporate vision, strategy and goals?

Is the project’s subsidy funding certain?

Is the site shape amenible to construction?

Are we able to make the most out of our site?

Final Decision No Go (No)

Based on market research and an analysis of potential operating costs, CGMR Group has concluded that the project meets a profit margin of 10.4%. Given this, we recommend proceeding with the project’s development.

Next steps will include preparing a concurrent land use redesignation application and development permit application submission to the City. Stakeholder and community engagement efforts will continue until project completion in late 2021. These efforts include installing on-site signage at the corner of 9 Avenue SE and 12 Street SE, preparing an informational website about the project, attending the Inglewood Sunfest event in August 2019, publishing advertorials in local community newsletters, distributing mailers to surrounding residents, and conducting face-to-face interviews with local community members.

Once the land use change and development permits have been approved, the project will continue forward to a Calgary Planning Commission hearing session, followed by a City Council public hearing. After these steps have been completed, project construction may begin.