Quote:
Originally Posted by ColdRain&Snow
True North and Southern Chief's Organization have signed a partnership agreement. Estimated cost of Portage Place Mall redevelopment is up from $550 million to $650 million. Cost of The Bay redevelopment is up from $130 million to $200 million. Looks like both projects will be moving forward.
https://www.cbc.ca/news/canada/manit...ipeg-1.7056507 |
Very good news, especially with both the city and the province on board. It's too bad the costs have increased so significantly, but that doesn't seem surprising in the current environment. I'm glad the cost increases didn't kibosh the projects altogether.