In a recent government meeting, officials announced a significant investment of approximately $22 million in the construction of 84 new apartment units within the Bulkley Building, set for completion this December. This initiative aims to enhance housing availability and stimulate economic activity in the downtown area.

Additionally, two major tenants are set to move into the Hanna and Bulkley buildings, with plans for an investment of several million dollars to develop these spaces. This move is expected to attract more workers to the downtown region, further supporting local retail and economic growth.

The meeting also highlighted ongoing renovations in the Bulkley Building, which include facade improvements and elevator replacements. These upgrades are part of a broader effort to address capital maintenance needs in older buildings, reflecting a heavy capital expenditure year for the city.

To facilitate these projects, officials indicated that deferring $5 million until next September would be beneficial, with assurances that the funds are secured through a cash account. This strategic financial planning underscores the city's commitment to revitalizing its downtown infrastructure and promoting economic development.