Quote:
Originally Posted by SpongeG
City prefers fitness centre for Storyeum site
Instead, city staff is recommending council lease the 31,000-square-foot site to Eco Fitness Ltd. Partnership, which is expected to provide $750,000 revenue to the city each year for the first five years of the 10-year term.
DERA, by comparison, has cited the financial returns as "lessening the heavy financial demand on social and municipal services," while Xcalibur said its revenue would be about $600,000 a year.
As part of its proposal, Eco Fitness has said its 24-hour, seven-day-a-week facility will generate 25,000 member visits each month, increasing pedestrian traffic in the area.
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The true reason the city went for the gym proposal was the higher income they would make.
There are 2 kinds of people living in Gastown: those living in relatively nice (i.e., self-contained) buildings and those living in low-end buildings. If you're in a nice building, you may well already have access to a gym, either in your building or at work, or you can probably afford a gym membership. Anyway, you are mere feet from the seawall so you can get some exercise there. The usage projection figures are outrageously optimistic, and they will be eating their words once they can't deliver that $750k/yr to council. And extra foot traffic? I bet all those people will drive there and drive home - there's a handy car park just upstairs, how about that!
One thing that Gastown, in fact all of downtown needs, are alternative entertainment options. A modern, full-size bowling alley would have done really well there - a well-lit entertainment complex with games and maybe a restaurant and a safe environment for tourists and young people to go to. But no, another gym. Count my words: it will be packed for opening month when they are offering free usage, but after that, when the "new toy" excitement wears off, it will die a slow and lonely death.