cost sharing, and the subsequent property taxes will help off-set the front-end investment and generate long-term recurring revenue for the municipality. A GATEWAY NEIGHBOURHOOD “During the construction phase, Cogswell has the ability to provide approximately 300 direct and indirect jobs from the construction sector, suppliers and designers,” says Wilkinson. “This project will convert a relatively dead zone at the entrance into our downtown into a gateway neighbourhood that better connects downtown to the north end, and this area to our thriving waterfront. This will build on current tourist draws in the area, further encouraging visitors to our downtown and province. Cogswell will also provide up to an estimated 2.5 million sq ft of mixed-use space and tax revenue up to $3.5 million annually compared to the current zero dollars generated by the highway infrastructure.” Designed for a bright future, the Cogswell District Project will have a distinct lens on Halifax’s rich history. Representation of the local Mi’kmaq and African Nova Scotia culture and heritage is critical to the project’s success and legacy, says Wilkinson. A process to develop an Arts and Commemoration plan for this district is underway, which will prioritize the stories of these communities. “This work will involve engagement with communities to understand which stories need to be told, and how they should be commemorated throughout the district,” says Wilkinson. “Additionally, through the construction contract, the contractor requires different social benefits, including working alongside of a committee 77 AUG 2023 | BUSINESS ELITE CANADA
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