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Originally Posted by trueviking
The thing about getting rid of old hotels is it doesn't get rid of the 'rif raf' who stay in them.
Heritage designation is only a council vote away from being removed. If a real proposal is brought forward I don't think it would stand in their way.
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It absolutely would. They all gather in and around the Vendome, who rents out to them and uses them as patrons/clients.
No Vendome, and stricter property management, and they would go elsewhere.
Quote:
Originally Posted by 1ajs
agreed
if we want to change the rift raft problem then as a country we need to deal with it mental health and such
and i doubt artist reit would pull such a stunt they would just buy the damn thing
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No, no, that's not it.
This isn't about reducing addiction or homelessness. It's about getting it off Artis doorstep. That's all. They gather at the Vendome, right across from 360's Fort st entrance. This not only ruins the pedestrian experience on Fort, but they regularly pour into Winnipeg Square due to proximity.
If Artis has control over the asset, then the riff raff would go elsewhere.
If the Woodbine were a Library and not a bar/hotel, there would be less drunk people there. That's a fact.
Quote:
Originally Posted by Ando
Whoa! My comment about Pollard was just a throwaway, more flippant than anything. For the record, I am not expecting Pollard to start buying all decrepit properties and redeveloping them. I am merely pointing out that no property is probably more decrepit than Fortune Block was, and if the will and money is there, any property can be transformed back to health. I doubt if the Vendome is in any worse shape than the Fortune Block was. Not to say that demolition by neglect doesn't sometimes work. I'm pretty sure Zaifman is diligently working to ensure that the St. Charles falls or burns down one day.
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Totally fair, dunno why I took it so literally. As far as the Vendome's potential, I think it's there... maybe.
I guess I'm on the "family" side, I don't think he would have touched fortune if not persuaded by family. My guess is he's stuck in an investment and is simply willing to grind it out until it breaks even.
Artis, however, has shareholders... they can't necessarily grind out a Vendome project that doesn't pay because they have a board and investors to answer to. I'd like to think it's very possible to renovate it, but it's still a wishy washy idea... I'm sure that they wouldn't have a problem with the heritage designation if they had time to formulate a plan.
Nonetheless, I'm in favour of the idea of "heritage", but in some cases, I'd rather just let it ride and see what anyone could do with the place without restrictions. It is counterproductive to put so many limitations on a property that hurts a critical block.
Quote:
Originally Posted by Ando
Now things are getting interesting.
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Yes.
I've edited a few posts of mine due to questionable content or metaphors. Thanks to Urban, I henceforth shall not.