While most Commercial Development Allotments (CDAs) have been disbursed, a limited amount remains to be allocated. Also, other CDA’s are pending approval and may be built or returned to the Town for reallocation. The review team believes that the time has come to revamp the system with which future allotments are distributed in response to new policy direction in the Banff Community Plan.
What does the Community Plan say?
What feedback has the business community (Banff Summit) provided?
The review team believes that the current system, which allocates floor space using a lottery, does not do an adequate job of leveraging community goals and objectives. For this reason, the review team is recommending a transition to a system which requires applicants to illustrate how new commercial development will help implement the Banff Community Plan.
The review team is recommending that approval of CDA applications be based on criteria as follows:
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