Quote:
Originally Posted by trueviking
Most likely the bay will be handed to the city or province for nothing...if a redevelopment plan doesn’t surface shortly. But I’m confident one will. It will take contribution from al three levels of government likely. Similar money given to the portage place guys from the city and province would probably do it. There is likely more political will today than there has been in the past.
It’ll happen. It’s not an insurmountable challenge. The building is sturdy and it’s concrete structure makes it very flexible for redevelopment.
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For proponents of downtown re-development, the recent closure of The Bay combined with what looks like the imminent demise of the PP redevelopment deal have been pretty big emotional hits. I know it's difficult not to get discouraged, as these two site represent what could be argued as the core of west downtown.
When the PP redevelopment seemed to be a go (and I know it's not officially cancelled but It seems like it would take a miracle to save the Starlight proposal) I thought redeveloping PP would drive the redevelopment of The Bay. IMO I think it' possible a positive and energetic redevelopment of The Bay could be incentive for another developer to look seriously at PP. The Bay and Eaton's were, I believe, originally seen as anchor stores for PP. With The Bay re-developed, PP would have BellMTS Centre and whatever form The Bay takes as attractive "anchors" for some ind of mixed residential/commercial PP.