Edmonton’s renowned University of Alberta (U of A) campus is continuously evolving to provide opportunities for future generations. Short on space, and wanting to connect to the downtown community, the U of A needed to explore sites for a future campus.
Building on Stantec’s ongoing relationship, the U of A hired our Program & Project Management team to build a business case for the downtown campus. Based on research of other successful downtown campuses, our business case included a comprehensive funding plan that worked for all levels of government and the U of A. We explored a financial model that examined capital, tenant improvement, and operating costs, revenue from current tenants, and forecast revenue from a mix of institutional and commercial tenants.
Based on our findings, the U of A chose an existing major Edmonton landmark, the former Hudson’s Bay Building, to be the new home for additional programs and services. The addition connects to the main campus by a quick hop over the river via the LRT. Stantec was subsequently chosen to design the project that spurred downtown revitalization, created employment opportunities, and improved accessibility to education.