A LEASE

FOR A lifetime

Land Title:
Supporting the University of
Calgary

University District is a first of its kind in Calgary, as a community built on land owned by an academic institution. This means that the University of Calgary will retain full ownership of the land, leasing property to builders and subleasing to buyers. As such, all net income from the development will go directly to future academic initiatives with the university.

The development of the land will be overseen by the West Campus Development Trust, which consists of a group of industry professionals who will shepherd the project and ensure its benefits the university. The result of this unique arrangement is a community designed to enhance life for all Calgarians and support the University of Calgary as a world-class academic institution.

Campus Integration:
Making Use of University Lands

A University of Calgary Campus Master Plan completed in 2010 confirmed that the lands used in University District will not be required for core academic facilities. Approximately 25 hectares of land can still be developed on the main campus, which will allow for approximately 301,000 square meters of new academic, administrative, student life, residential, library and study space. This means that University District can be developed on land without disrupting campus growth in the years ahead.

Leasing FAQs:
Committed to Future Growth

University District will offer leases on parcels for a 99-year term. The conclusion of this term will either see an extension of the lease or a purchase back at fair market value. This type of model has been successfully implemented in other communities, including the University of British Columbia and Simon Fraser University. 

 

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