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Established in 1900 The Downtown East Village is a residential neighbourhood within the eastern portions of downtown Calgary, Alberta. Plans to reshape this neighbourhood were approved by the city council in March, 2005 (East Village Area Redevelopment Plan. In Spring 2007, Calgary City Council approved the formation of a wholly owned corporation known as the Calgary Municipal Land Corporation with the mandate to revitalize and redevelop the Rivers District, which includes the East Village. Construction began within the Rivers District by the new corporation in 2007 with the undertaking of a rare downtown Calgary stormwater treatment pond on the NW corner of Fort Calgary, and planning for a new Riverwalk along the south bank of the Bow River (integrated with the Bow River pathway) and west bank of the Elbow River is also under way.