Maybe someone here in the " KNOW " can answer this as I know this has been beaten to death, but every year i hear that something is going to happen at the two pads at Portage Place, One year it was ( I think ) and american company that was going to put up a communication tower ( Calgary Tower type deal ) on one end, and the city shot that down I believe, then a Hotel was proposed, then Housing then Condos / Apartments and still it sits empty and I cannot see this now that the entertainment aspect of the area is going strong no one would want to build there, especially when it has the foundation for two towers built into it.
Also not sure if anyone has been to Calgary and their somewhat same idea as out Portage Place mall downtown as of late, but they revamped it, and still are, and it looks great. This is what needs to be done to ours as the two are pretty much the same design. Just a thought though that I know will never happen until some change in city policy.
Here is the link to the Mall in question.
http://forum.skyscraperpage.com/showthread.php?t=186486
Btw, a person a few pages back was talking about the old Woolworths Building being taxed more then St Vital center, that is incorrect. My wife works in real Estate and I had a peak of the taxes, of course I cannot post them, but Woolworths is much much less. St vital center is also one of the highest taxed properties due to its higher end and size. Even as a parking lot it is a massive parcel of prime real estate in St vital.