It’s not set to be completed for another 25 years but Saskatoon is hoping to see the addition of what the City is now calling Bridge Park. It’s a green space that would allow vehicles, bikes, and pedestrians to cross the CP rail yards in north downtown. The park would cover 5 acres and connect the neighbourhoods on either side of the railroad, spanning the river.
The plan is estimated at $130 million and would also provide housing for approx 7,600 people in a mix of townhouses and 1-2 storey towers.
Pending approval, the plan is projecting a revenue of $72 million from developer fees but still has the obstacle of dealing with the 24 acres of city yards that house the city equipment. No money has been set aside for moving them.
The City can still start to release parcels along the 25th Street extension even if the yards haven’t been dealt with. This would be done within the first 5 years after approval. Over the next 5-10 years the eastern portion of the bridge would be built and adjacent parcels would be developed. Lastly, the bridge would be extended to the west side.
Saskatoon real estate agent
Century 21 Fusion