On April 29, 2013, Edmonton City Council’s Executive Committee was provided with additional information demonstrating that the proposed Galleria Project will be a major catalyst in the transformation and revitalization of downtown Edmonton. Over the first 30 years, The Galleria Project is expected to generate $2.7B in direct and indirect spending and $48M in property taxes. The E-DACC Foundation is supporting City Administration’s recommendation to enter into discussions with the Edmonton Public School Board for the acquisition of needed land required to advance the project. “Based on today’s information, analysis shows that this transformative, iconic project is feasible, sustainable and will require no operating or maintenance subsidies from the City of Edmonton. The time is right to move forward and make this a priority,” commented Dr. Dianne Kipnes, Foundation Chair.