Quote:
Originally Posted by CoryB
(high water table?)
Parking costs in all of downtown also spiked up significantly due to the increase in demand. And in response to the hike in parking costs transit too went through what had been until then relatively unprecedented fair increases.
The one perhaps upside of True North Square is that it is not really bringing new people downtown like Hydro Place did but rather shuffling around chairs that are already downtown.
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1) yep, the high water table is a 🞵🞵🞵🞵🞵 downtown
2) Perfectly normal market response for increased rates and fares. All still very affordable.
3) How is that a good thing? We want more people downtown. Increased rates is ok if lots are full.
Quote:
Originally Posted by esquire
^ I park in the Cityplace parkade, and the daily rate went from $9.50 to $13.00 the week after the TNS office tower opened. 37% price hike overnight. I'm sure the P&M parkades won't be cutting their prices either after TDS, MNP and Scotiabank leave the area.
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I'm sure they'll backfill their parking super quickly. 300 Main will have to kick several people out of their parkade to make way for their residents, which is also why Artis bought the garry st parkade... there is demand. Anyone expelled from the Artis parkade will happily go to 201's.
Not to mention the consistent growth the area is seeing.
Quote:
Originally Posted by cheswick
I still don’t understand people’s logic in regards to a parking crunch. Parking rates are easily changed to equate demand to supply. If there’s a parking crunch then raise the rates, the crunch is gone.
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+1
Quote:
Originally Posted by Biff
The Fortune Block is magnificent.
Think of how close we were to loosing it to a potential new hotel that, although would have been great, can easily go across the street or any other surface lot in downtown.
Bravo Mr Pollard.
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Quote:
Originally Posted by Urban recluse
TO think of how much money he is spending, wow!
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Exactly... there's a reason many don't do this... it's very expensive.
I fear that he set a precedent that many can't financially justify to match lol
It's glorious though.
Quote:
Originally Posted by CoryB
The challenge here is eventually it hits a point were the cost or lack of available parking as spots get permanently allocated to specific long term users that people stop coming downtown ever. Further, the "lack of parking" has already started driving business to relocate from downtown to the suburbs where parking is widely and cheaply available. It isn't just a cost equilibrium that needs to be reached.
See my comment above. The challenge is we are lifetimes away from seeing a truly functional transit system in Winnipeg and all the "stop what we are doing to improve it and built only LRT" doesn't help.
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I'd say Winnipeg is turning the corner on needing THAT much parking...
And I don't use transit, but have a couple friends that do. I'm no barometer on it, but they never complain about it
Quote:
Originally Posted by wardlow
'No one goes downtown, it's too crowded.'
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lol