The Town of Canmore has won $15,000 worth of software support to help develop an Area Redevelopment Plan for Bow Valley Trail.
The award was announced earlier this month from InfraCycle Software, which sponsored the Great Canadian Financial Sustainability Contest.
InfraCycle software completes a fiscal analysis for municipalities to ensure current land use plans will generate the most net revenues.
Gary Buxton, manager of planning for Canmore, said the municipality currently uses the software and has applied it on several occasions since 2007, including for the Spring Creek ARP.
“(The software) looks at changes in land use and what that means for all forms of municipal costs and revenues,” Buxton said. “(InfraCycle) is going to help us with the fiscal impact of the Bow Valley Trail Area Redevelopment Plan.”
The ARP is the next major planning project for the Town of Canmore. A terms of reference document for the project and its steering committee were approved by council in February.
“It is a critical piece of commercial development,” Buxton said. “It is important (the ARP) is done in a way that is fiscally supported and fiscally sustainable.”
The award represents $15,000 worth of professional support service from InfraCycle to complete the fiscal analysis of the current and proposed redevelopment scenarios for the 20 hectare Bow Valley Trail district.
“I am thrilled at having undertaken this contest and give something back to Canadian municipalities. This is a wonderful opportunity for Canmore to plan for a better financial future,” said Ray Essiambre, InfraCycle President.