Ministry responsible: Municipal Affairs
The Community Revitalization Levy (CRL) allows municipalities to borrow against future property tax revenues to help pay for infrastructure required to spur new development in a specific area. The levy is typically in place for 20 years, but it could be longer or shorter.
Improved infrastructure, such as new roads, wastewater system upgrades or new municipal buildings, is built to attract new private investment to the area, which increases property values.
Planned redevelopment can also address socio-economic and environmental issues typically found in blighted areas. As the area is revitalized, the larger tax base benefits all taxpayers.
Benefits of CRLs
By allowing municipalities to collect funds through a CRL, they can:
- clean up environmental damage in areas where development is needed
- direct tax dollars to improve the economic viability of neighbourhoods
- address affordable and social housing needs in an area
- improve the livelihoods of area residents and address socio-economic issues
- reduce urban sprawl through better land-use
- increase safety for residents
- improve infrastructure and environmental conditions through new building practices
- create a larger tax base
There are currently five areas in the province with CRLs in place:
- Calgary Rivers District CRL (2008)
- Edmonton Quarters Downtown CRL (2010)
- Edmonton Belvedere CRL (2010)
- Cochrane South-Central CRL (2012)
- Edmonton Capital City Downtown CRL (2013)