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Victoria council approves Downtown West agreements after construction update
Summary
The City of Victoria approved three agreements advancing the Downtown West development after hearing a construction progress update and a staff briefing on the city's financial participation, including rent caps and protections to preserve small-business space.
The Victoria City Council voted to approve three measures advancing the Downtown West development — the purchase agreement, an options agreement, and a third-edition development agreement — after staff and developers updated the council on project progress and city protections.
Community and economic development director Jen Brewington told the council the site has been discussed since the early 2000s and that phase 1 will deliver core public infrastructure and four commercial buildings. “As part of the agreement, base rents for the…
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