I think there is a lot of truth in what
Mattyy just described.
The city will want federal/provincial money for the city market/convention space.
In a time of spiraling deficits, this money may become increasingly difficult to obtain.
The private component that Ashford is responsible for is probably at least partially contingent on the construction of the market/convention space.
I have also heard that Ashford is no longer interested in residential development. They have offloaded management of their current portfolio to a private management firm.
They do want to transition more to commercial development
but I have heard from a source that a couple of large commercial entities are interested in leasing space in the Downing Street project. Is this enough to make Ashford proceed without government involvement????
I believe that Ashford is a very prudent (cautious) developer, unlike Lafford or ICON (which tend to be more optimistic/ambitious). As such, I am increasingly concerned that we may see more foot dragging over the next few years.