The old Merchants Hotel on Selkirk Avenue is being transformed into a mixed-use education and housing community.
The Manitoba government is spending $11 million on the revitalization, with an additional $2 million coming from fundraising efforts.
“By redeveloping this old hotel into an innovative educational partnership supported by on-site affordable housing, students in the north end will have a new place to learn and see that a post-secondary education can be part of their future,” Premier Greg Selinger said.
Thirty new affordable and rent-geared-to-income homes for students attending education programs in the north end and their families will be created.
Merchants Corner Inc., a community-based non-profit that has led the redevelopment, will own and manage the educational space and has also committed raising the remaining funds needed.