Quote:
Originally Posted by Calgarian
I'm not saying that would be the absolute cure, but someone showing confidence in the market and putting some money into it would be a start. I'm not to familiar with Hamilton though, so I can't really comment any further.
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It would be a start. There are some nice buildings under construction (
150 Main West and the Bella Tower) or part of redevelopment that's just getting under way (the
Royal Connaught condos) but this is all still small-scale compared to what's happening in larger cities.
More importantly, I think people's perspective of Hamilton's economy needs to change. For decades it was dominated by steel and heavy industry, but the reality is those have been in decline for a long time, even if they're still the most visible thing when you drive over the Skyway bridge. Industry continues to be important but Hamilton now has one of the most diverse economies in Canada (according to the Conference Board). Yet it's still not widely known for anything but steel.
I like to compare where Hamilton is at today with where Kitchener-Waterloo was about 25-30 years ago, before the tech boom. KW and Cambridge also had a strong manufacturing base... it's still important to those cities, but people think "technology" now when they mention the area. In Hamilton, there is some great stuff happening in health sciences research and McMaster's Innovation Park is slowly developing, but neither has gotten to the point where it's become a recognized part of the city's external brand - unless one lives here, they probably don't know.