Partnership

Some Town-owned properties have the potential to do more. Rather than leaving municipal properties underutilized, the Town looks for opportunities to partner with organizations, businesses and community groups on projects that benefit the community.

While many of these properties are also marketed for sale through Invest Olds, Community Partnerships provide another way to bring forward ideas for a new purpose.

Olds has always been a community where people step forward with ideas. Community Partnerships supports new opportunities for those ideas to become reality. 

How does a Community Partnership work? 

Community Partnerships help the Town work with organizations, businesses and community groups to make better use of municipal assets and create projects that benefit the community. 

Every proposal is different. Some projects may involve a lease, others may involve the sale or redevelopment of a property, while others may create new opportunities for community programs or services. 

The Town evaluates each proposal based on its community benefit, alignment with Council priorities, financial sustainability and long-term value.

How Does The Town Decide What Happens To A Property? 

Every Town-owned property is different. Before deciding its future, the Town considers a range of factors, including community needs, market conditions, redevelopment potential and long-term value to the community. 

Depending on the property and the opportunity, the Town may: 

  • Continue using the property for municipal purposes. 
  • Offer it through a Community Partnership. 
  • Lease the property. 
  • Market it for sale through Invest Olds. 
  • Explore other opportunities that support Council's priorities.  

The goal is to find the approach that creates the greatest long-term benefit for the community. 

How It Works 

  1. Share your idea. 
    Tell us about your project and how it would benefit the community.
  2. We review your proposal.
    The Town reviews each proposal to determine whether it aligns with Council priorities, meets a community need and is financially sustainable.
  3. We explore the opportunity.
    If the proposal is a good fit, we'll work with you to determine the most appropriate partnership approach.
  4. Bring the project to life.
    If a partnership moves forward, the Town will work with you to finalize the appropriate agreements and obtain any required approvals. 

Community Partnerships bring together municipal properties with the ideas, expertise and investment of community partners. Together, they can create opportunities that benefit the whole community. 

Community Partnerships in Action

Every property has a different story. Before entering into a partnership, the Town considers community needs, long-term plans, redevelopment potential and the best use of public assets. These examples show how different approaches have created lasting community benefit. 

No two Community Partnerships look the same. Some involve redevelopment, others provide space for community organizations or create opportunities for community services. 

Giving A Community Landmark A New Purpose 

When the Town's fire services moved to a new facility, the Old Fire Hall sat vacant. At the same time, several local non-profit organizations were looking for larger, more functional space to support their growing programs and better serve the community. 

Why this building? 

Like several properties in East Olds, the Old Fire Hall is a brownfield site with historical underground contamination. Combined with the long-term vision outlined in the East Olds Area Redevelopment Plan, the property was no longer well suited for many traditional commercial or light industrial uses. Rather than leaving the building underutilized, the Town explored how it could continue serving the community in a different way. 

Creating a community service hub 

Rather than leaving the building empty the Town entered into lease agreements with local non-profit organizations to repurpose the building into a community service hub. The partnership also provided financial supports that helped make the move possible, allowing organizations to relocate into larger, more functional spaces. 

Today, the building is home to Mountain View Food Bank and the Community Lending Shelf to expand their services, giving these organizations the space they need to continue supporting residents. 

Community benefit 

Instead of remaining an underutilized municipal property, the former Fire Hall has been transformed into a community service hub that supports local organizations while making better use of an existing public asset. The partnership preserved a well-known community building, addressed the space needs of local non-profits and ensured the property continues to provide lasting value to the community. 

An Underused Building Finds A New Purpose Through Volunteers.

The Men's Shed movement is built around a simple idea: creating welcoming spaces where people can connect, share skills and support one another. As interest in establishing a Men's Shed in Olds grew, volunteers began exploring how the idea could become a reality. 

Building on community interest 

Over several months, community engagement and volunteer coordination confirmed strong local support for the project, with dozens of residents expressing interest in establishing a Men's Shed. Council approved revitalizing the former municipal operations building in December 2024, originally envisioning the space as a Men's Shed and Community Arts Hub. 

Today, volunteers continue transforming the building into the permanent home of the Men's Shed of Olds. While the original vision included a Community Arts Hub, the strong interest and growth of the Men's Shed has led the project to focus on expanding that initiative. 

Why this building? 

Like the Old Fire Hall, the former operations building is a brownfield site located within the East Olds Area Redevelopment Plan. It was no longer well suited for traditional automotive, autobody or light industrial uses, creating an opportunity to match an underutilized municipal property with an identified community need. 

Community benefit 

Rather than remaining underutilized, the former operations building is being transformed into the permanent home of the Men's Shed of Olds. The partnership supports volunteerism, encourages social connection and demonstrates how existing municipal assets can be adapted to meet changing community needs. 

A Challenging Property Becomes An Opportunity For Housing And Investment.

Not every underutilized property has an obvious solution. Some sites require significant investment before they can support a new purpose, making it important to carefully consider all available options. 

This property, formerly used as a sand and salt storage site, presented several redevelopment challenges. Demolition, environmental remediation and site preparation would all be required before new construction could begin. At the same time, the East Olds Area Redevelopment Plan identified the site as a future mixed-use location, creating an opportunity to support both new housing and commercial development. 

Community uses explored 

Before considering private redevelopment, the Town explored whether the property could address a community need. Throughout 2023, Administration worked with Olds Minor Ball, Olds Minor Lacrosse and Olds Minor Soccer to explore converting the building into an indoor turf facility. While there was interest in the concept, the project would have required approximately $250,000 in renovations to create only a three-season facility, with significant uncertainty around future operating costs. Without a community partner prepared to move the project forward, Council determined this was not the best long-term use of the property. 

Finding the right development partner 

In spring 2024, Council directed Administration to explore a redevelopment partnership. Seven builders active in Olds with experience or interest in multi-family and commercial development were invited to submit letters of interest. Several declined, while others did not respond. Masterbuilt Projects Ltd. was the only developer to pursue the opportunity. 

A Letter of Intent established strict conditions and required extensive due diligence before the partnership could proceed. After reviewing the proposal and confirming the required conditions had been met, Council approved the partnership and the property transfer. 

Looking beyond the sale price 

The property was transferred for a nominal amount, reflecting the significant demolition, environmental remediation and redevelopment costs required to make the site viable. Rather than focusing solely on the sale price, Council considered the long-term community benefit of returning an underutilized municipal property to productive use in a way that aligned with the East Olds Area Redevelopment Plan. 

Today, the site is being redeveloped into a mixed-use building with commercial space at street level and residential units above. The project returns a previously idle municipal property to the tax base, supports additional housing and commercial development, and is expected to generate approximately $15,000 to $20,000 in annual municipal tax revenue while encouraging continued investment in the East Olds mixed-use area.

Operating Partnerships That Support Community Organizations.

Community Partnerships are about more than the sale or redevelopment of municipal property. They also include partnerships that help local organizations make better use of community facilities while enhancing the experience for residents. 

A different kind of partnership 

At Rotary Athletic Park, the Town partners with local service clubs and community organizations to operate concession facilities during tournaments, games and community events. Rather than operating the concessions directly, the Town provides the space while community organizations manage concession operations. 

This approach allows local groups to raise funds in support of their programs while providing an important service to athletes, families and visitors using the park. 

Community benefit 

By sharing the operation of concession facilities with community organizations, the Town strengthens local partnerships, supports volunteer-led fundraising and helps create a vibrant atmosphere at one of Olds' busiest recreation facilities. It demonstrates that Community Partnerships can take many forms, each designed to create lasting value for the community. 

Consolidating Municipal Operations While Supporting Local Investment. 

As the Town grew, so did opportunities to rethink how municipal buildings were being used. While the Town Office continued to serve residents, the Operations Centre, built in 2021, included significant undeveloped office space that could accommodate administrative staff in a single location. 

At the same time, Westview Co-op was looking for a new location as its existing lease was nearing its end, creating an opportunity that could benefit both organizations. 

Exploring the opportunity 

The process began in late 2023 when another business approached the Town about purchasing the Town Office. Although that interest did not move forward, Council directed the CAO to explore whether selling the property could provide long-term value. 

Around the same time, Westview Co-op contacted the Town looking for office space as its existing lease was nearing expiry. The Town Office was identified as a potential fit, and discussions began. 

To ensure the sale reflected market value and met the Town's obligations under Section 70 of Alberta's Municipal Government Act, two independent appraisals were completed before an agreement was finalized. 

Why relocate? 

The move allowed the Town to consolidate administrative staff into one building, making better use of the Operations Centre while improving collaboration and reducing the costs associated with operating two administrative facilities. 

The sale also allowed Westview Co-op to keep its head office in Olds, returning the Town Office property to the municipal tax base and creating new long-term tax revenue for the community. 

Municipal services continue to be available from the Town's Municipal Centre, which now serves as the Town's primary administrative office. 

Community benefit 

The sale of the Town Office demonstrates that Community Partnerships are not limited to underutilized land or buildings. By looking at how existing municipal assets could better serve both the community and local businesses, the Town created a solution that improved operational efficiency, supported a major local employer and strengthened the community's long-term tax base. 

Current Opportunities

Community Partnership opportunities change over time and will be posted here as they become available. 

Not every Town-owned property is suitable for a partnership, but we still welcome new ideas. If you have a project that could benefit the community, we'd love to start the conversation.

  • Property ID: InvestOlds-19568
  • Price: $120,000 *Price Drop
  • Property Type: Residential Development Land
  • Property Status: Conditionally Sold
  • Google Maps Location

Town property for sale. Zoned R2 and R3 for multi-unit residential development.  This offers two adjacent vacant lots (.138 acres combined) that can be consolidated into one.  Utilities to the property line and ready for a new and in-demand housing development.  The Town of Olds offers a recent Housing Assessment completed in 2024 that illustrates the demand for an estimated 500 units of housing.  

Permitting processes have been streamlined with approvals happening within 3-6 weeks.

Current Zoning: Recreation Facility

Envisioned Use: Light Industrial

ASP Area: SE Industrial

Lot Area: 4.32 ha
Improvements: None
Fully Serviced

The lot for sale is 4.3 hectares (10.6 acres) in size and located within the future growth area of the Olds Cemetery. At Council’s direction, Administration investigated projected cemetery growth and found that the Town has over 200 years of available growth for the Olds Cemetery based on current and projected burial rates. Administration suggested  there is a more imminent need for serviceable land in the SE Industrial Park.

With this sale, there will be between 35 – 45 years of available growth in the Olds Cemetery. Any future development on this parcel will also be subject to a developer installing adequate fencing to ensure material does not migrate into the cemetery area. Administration has also directed ISL Engineering to investigate a future cemetery site during the MDP and LUB review in 2025.   The lot is valued at $400,000 which is in line with the average per acre sale price in the SE industrial over the previous decade.

Looking For Development Opportunities? 

Not all Town-owned properties are partnership properties. To explore available residential, commercial and industrial properties in Olds, visit the Invest Olds real estate portal. 

Start the Conversation! 

Do you have an idea you'd like to discuss? Community Partnerships often begin with a conversation. 

Whether you're a community organization, business, developer or resident, we'd be happy to start the conversation. We'll help you connect with the appropriate department and explain the next steps. 

Town of Olds 
Phone: 403-556-6981 
Email: admin@olds.ca 

 

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