As part of Alberta’s 2016 Budget, the University of Calgary is receiving a $17 million investment over two years to explore redevelopment options for some of its oldest buildings.

The Alberta government is investing $8.6 million each year for two years for the planning phase of the redevelopment of the MacKimmie Block and Tower buildings, originally built in 1963 and 1972, and Professional Faculties. During the planning phase, officials from the University of Calgary will refine existing building and space concepts, analyze site and space requirements and determine how to accommodate anticipated growth in the nursing and social work faculties located in the complex.

“Investing in modern and efficient infrastructure is vital to the long-term success of Alberta’s students and our province,” said Marlin Schmidt, Minister of Advanced Education, in a press release. “Our government supports the University of Calgary’s efforts to plan for the future and ensure students continue to have access to world-class programming, learning spaces and resources for years to come.”

Redeveloping the buildings instead of demolishing and reconstructing them is expected to save as much as $85 million and will allow the University to rectify space shortages while consolidating programming. It will also provide space for student services and new study and classroom space.

“We appreciate the support of the provincial government, as it is critical for meeting the growing demand from current students and those looking to upgrade their skills,” said Elizabeth Cannon, president of the University of Calgary. “The redevelopment will allow us to consolidate student services and add new study and classroom space within the heart of the main campus.”