Quote:
Originally Posted by pspeid
I was wondering the same thing. I suspected the comment that "safety and profit" don't currently exist downtown was more or less saying "not enough profit exists, and that "safety" meant "safety for one's property", i.e. eliminate theft and vandalism. Both are legitimate concerns, of course, as is desire for a private company to make a desired profit, but the blanket comment that suggested development downtown is non-existent due to the above-mentioned issues came across as kind of self-serving to me.
It's not particularly surprising for any private developer to feel this way; it's their business they can operate how like like, within the law. It just seems a little out of place in a forum that seems dominated by people who want to see development for the good of the city, as opposed to exclusively personal profit.
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I would disagree with the idea that owners of parking lots are the reason down town is blighted. As I have mentioned previously, development occurs when there is a likelihood of long term profit on capital invested.
I keep coming back to the St Regis / CV site sitting dormant with no current prospect for development. An existing structure was demolished and no parking is allowed on the site. It is not developable currently in these conditions. With government intervention it could be developed similar to the site across from City Hall, North Portage or The Bay. I view them as all worthy projects but not viable privately…
As for safety, there is no way development is happening on Waterfront with the current social issues. That is not the fault of the building or parking lot owners.
This forum does not function well in a vacuum or echo chamber. Comments from parties like ours add views which enriches dialogue and creates thoughtful perspectives. Most downtown building owners are parking lot owners as well. They own them because they are needed to rent out their buildings. The largest parking lot owners in the city are The Richardsons, The Province of Manitoba, GreatWest Life and Calvery Temple. They all want a better Winnipeg, as do I.