BY SUZANNE WILTON, WITH FILES FROM JASON MARKUSOFF, CALGARY HERALD DECEMBER 6, 2010 7:18 AM
A real estate expert says the Louise Station developer paid half for the land to build the private market tower, left, than what the city ascribed for the land for the affordable housing tower, on the right.
Photograph by: Lorraine Hjalte, Calgary Herald
Last February, newly minted provincial Housing Minister Jonathan Denis stood before a crowd gathered downtown in front of a new affordable housing tower and beamed.
It was the grand opening of the Louise Station, a new 88-unit building on the corner of 8th Street and 4th Avenue S.W. funded with $12 million from the province and another $15 million from Calgary taxpayers -- a P3 project with third partner LaCaille Group, headed by then Mayor Dave Bronconnier's longtime friend and supporter Peter Livaditis.
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