Quote:
Originally Posted by swilley
New gossip. Apparently the new Holiday Inn slated for the old Pacific Cinemas site was a no go all summer long due to rising construction costs. However, as of a few weeks ago it is a go once again. The parking structure required is the costly item here, as the design would more than likely need an underground parkade.
A good sign I guess is that the current site is still a gravel Impark - not paved.
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Thank you for the encouraging news.
More dreams of downtown development:
Uncertain who owned the property(largest downtown surface parking lot) across the street from the old Pacific Cinemas encouraged me to conduct research and it appears Oxford Properties is owner and operator of Midtown Plaza and the large surface parking lot.
"Midtown Plaza has the largest heated underground parking facility in the city with over 1000 surface stalls directly north and south of the plaza and 796 stalls in a heated, underground parkade."
Still curious about the potential for development, I pressed on and discovered one particular Oxford development: Calgary's Centennial Place
http://constmgmt.pcl.com/projects/Active/0400183/index.aspx.
Now I'm not suggesting Oxford has plans to build an office/residential structure on the Midtown Plaza North parking lot, but I'm sure there's been internal discussion about the long term potential of that site(The Casino was a likely candidate). If Oxford's investment decision to update and expand Midtown's food court and demolish the Midtown Village structure for more parking is any indication, the Oxford Group must have a serious long term vision for Midtown Plaza and how it relates to downtown and city-wide development.
What this is really about
: We need a developer to come forward with a proposal that includes an indoor tropical paradise to escape to during our cold winter months

Something similar to this, albeit on a smaller scale
http://www.tropical-islands.de/en/visitors/attractions/dome.html
Some day...