Winnipeg | Exchange District | Developments & Discussions

[zalf]

Originally Posted by BuildUpWpg

Great, yet another plan that no one will take action with (due to the lack of $$$ and civic leadership) and quickly be forgotten.

Nothing here really strikes me as all that expensive, except for maybe the Alexander Docks. The Alexander Shared Street project would cost something, but Alexander was looking a little beat up anyway (and probably even worse with the wear from the GreatWest Metal project), so it could be done with existing road renewal money.

[T'Cona]

Originally Posted by BuildUpWpg

Great, yet another plan that no one will take action with (due to the lack of $$$ and civic leadership) and quickly be forgotten.

Definitely frustrating no doubt. I think it is fair to say all of us want a vibrant district with no surface lots or deteriorating buildings.

[bomberjet]

As we know those parking lots are cash cows and said owners as has been noted on SSP will not sell. Forcing them out is communism or facism or something in between lol

[zen-kz]

Originally Posted by bomberjet

As we know those parking lots are cash cows and said owners as has been noted on SSP will not sell. Forcing them out is communism or facism or something in between lol

Not forcing them to sell, but rather stop it to be a desirable way of land use. I think having a tax on under-utilized land would make sense and allow the city to grow in much more sustainable way. They need to be taxed by the average of surrounding buildings and all money from this tax can be spend for downtown revitalization. It does not sound like communism, but rather proper regulation.

[WinCitySparky]

Originally Posted by zen-kz

Not forcing them to sell, but rather stop it to be a desirable way of land use. I think having a tax on under-utilized land would make sense and allow the city to grow in much more sustainable way. They need to be taxed by the average of surrounding buildings and all money from this tax can be spend for downtown revitalization. It does not sound like communism, but rather proper regulation.

I like that notion

[pspeid]

Originally Posted by zen-kz

Not forcing them to sell, but rather stop it to be a desirable way of land use. I think having a tax on under-utilized land would make sense and allow the city to grow in much more sustainable way. They need to be taxed by the average of surrounding buildings and all money from this tax can be spend for downtown revitalization. It does not sound like communism, but rather proper regulation.

Yes this sounds like an excellent idea. With a municipal election coming up it could be an opportunity to enlist one or more mayoral candidates to adopt this plan.

[bomberjet]

I'm just repeating what's been said, not my actual beliefs.

Apparently there's only a handful of people who own the exchange buildings and their parking lots. So there will only be a small group of rabble rousers to deal with.

[Labroco]

Originally Posted by bomberjet

I'm just repeating what's been said, not my actual beliefs.

Apparently there's only a handful of people who own the exchange buildings and their parking lots. So there will only be a small group of rabble rousers to deal with.

Additional taxation will not force development on parking lots. Additional pressure for more offices and profitable development of residential will. Think of an over taxed or unprofitable parking lot as a bar of gold. The people / companies that own them consider it as a separate asset class. They are increasing in value due to cash flow and rampant inflation. Any loss is written off against other corporate profits. While you may gain some income for the City, you will lose Federal taxation. Parking lots in many cases are already taxed more than surrounding buildings. The cash flows exceed that of surrounding buildings and are assessed higher.

A land lease on a parking lot entered into by the University of Winnipeg Development Corporation for example may be an avenue to explore. The development does not need to raise funds for the acquisition of the land and the parking lot owner does not need to sell and incur huge capital gains. The income from the land lease creates cash flow or could be monetized for the owners.

Engaging the building / land owners on their needs and ideas would be a good start. A lot could be accomplished if you just put a dozen of them in a room and got rid of the background noise.

[bomberjet]

I get it. Money talks. That's why people are in business.

[borkborkbork]

Originally Posted by Labroco

Engaging the building / land owners on their needs and ideas would be a good start. A lot could be accomplished if you just put a dozen of them in a room and got rid of the background noise.

being locked in a room with reiss and 11 other similar idiot heirs to family fortunes sounds like absolute hell to me

[Labroco]

Originally Posted by borkborkbork

being locked in a room with reiss and 11 other similar idiot heirs to family fortunes sounds like absolute hell to me

Your comment amplifies why I suggested getting rid of the background noise.

[sleepyeyed]

proposal for the tiny lot north of the King's Head, 126 King St.



from winnipeg.ca

[thebasketballgeek]

Oh yes give me some more Indian food in the Exchange please. Are the top 2 floors for residential?

[esquire]

That's fantastic. Filling in those pesky little parking lots would do wonders for downtown... it is so rare that it ever happens with fine-grained development like that.

[WinCitySparky]

What a nice little fit for that block!

[peg]

What a great little project - I'm a huge fan of small buildings like this! It will also be nice to have another restaurant facing old market square.

[1ajs]

Originally Posted by Labroco

Additional taxation will not force development on parking lots. Additional pressure for more offices and profitable development of residential will. Think of an over taxed or unprofitable parking lot as a bar of gold. The people / companies that own them consider it as a separate asset class. They are increasing in value due to cash flow and rampant inflation. Any loss is written off against other corporate profits. While you may gain some income for the City, you will lose Federal taxation. Parking lots in many cases are already taxed more than surrounding buildings. The cash flows exceed that of surrounding buildings and are assessed higher.

A land lease on a parking lot entered into by the University of Winnipeg Development Corporation for example may be an avenue to explore. The development does not need to raise funds for the acquisition of the land and the parking lot owner does not need to sell and incur huge capital gains. The income from the land lease creates cash flow or could be monetized for the owners.

Engaging the building / land owners on their needs and ideas would be a good start. A lot could be accomplished if you just put a dozen of them in a room and got rid of the background noise.

That's making allot of sense amen

[trueviking]

That building should have brick on the lane side too. No more one facade buildings that have other sides exposed in the Exchange. Should be a bylaw.

Too bad it wasn’t more interesting. Could have been a gem. I don’t think it even had an architect.

[Arcticwolf]

I can't mentally picture where 126 King St. is.

[peg]

Originally Posted by Arcticwolf

I can't mentally picture where 126 King St. is.

https://www.google.ca/maps/@49.8989046,-...itch%3D0%26thumbfov%3D100!7i16384!8i8192