MAY 2025 A model to replicate As previously mentioned, the upcoming seniors housing facility project will be valued at $45 million, with roughly $21 million coming from Alberta provincial capital grant funding. Another $4 million will be contributed by the life-lease purchasers. Capital financing of up to $20 million has been granted permission by the Alberta Minister of Municipal Affairs, since the borrowing limit for the Town of Trochu needed to be increased beyond the normal debt and service ratio formula limits. Kneehill County has partnered in this seniors housing project by guaranteeing the construction financing up to this $20 million borrowing limit and for five years to permit the project construction to be completed. With full funding sources now in place, THC has given project budget approval. To fund furniture and equipment for the project, THC recently started a $2 million capital fundraising campaign. Naming of the Learn more at arcadis.com Contact us: marek.otwinowski@arcadis.com Arcadis. Improving quality of life. Connect with us Delivering sustainable design, architecture, engineering and consultancy solutions for natural and built assets.
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