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Originally Posted by Charleswood
It will be interesting what role Polo Park will have left 10+ years from now. It is surrounded by or located within 10 minutes of the poorest neighbourhoods in Winnipeg and the richest ones that bring in the majority of their wealthier shoppers will soon have a luxury mall right in their neighbourhood with luxury outlets throughout the mall.
Judging by the lack of interest of the former stadium site, within the Polo Park expansion, and the slow relocation of stores one by one from Polo Park to the Kenaston area; Polo Park and the surrounding area is in decline. Polo Park slowly hollowed out the downtown and store by store relocated to Polo Park or closed downtown altogether and now the new trend is all about Kenaston.
I think Polo Park might hold its own for a while still but it's future depends on how big Seasons of Tuxedo eventually becomes, if it ever turns into a regular mall from an outlet mall; and if St. Vital Centre ever expands to compete as the main mall in Winnipeg. St. Vital has the demographics surrounding it (middle class, upper middle class) and the same demographics 10 minutes away as well. It could easily overtake Polo Park if they built a second floor from Sears to Hudson's Bay. Would make Sears easier to sub divide once they go bankrupt.
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Polo Park mall expanded drastically in the 1980s and the surrounding shopping area expanded drastically over the 10 year period beginning around 1998. It can't keep up that pace forever... even though the boom times may be over in terms of rapid growth, I think Polo Park is by virtue of having the biggest mall in town and one of the biggest big-box shopping districts surrounding it, going to remain the dominant shopping node in the city for some time to come.
Even though Polo Park has working class neighbourhoods in three directions, let's not forget that there is a large upper middle class area to the south. And Polo Park is a destination for nearly all of west Winnipeg including some large areas with fairly high disposable income.
To some extent St. Vital is hemmed in too tightly to ever become the number one mall in the city. Even if they added a second floor, it would at best be more or less even with Polo Park. As for Seasons, it will definitely eat some of Polo Park's lunch but it's going after a different customer... Banana Republic outlet customers will go to Seasons, but anyone who wants actual Banana Republic (to name one example) will still have to go to Polo Park.
Bottom line, I think Polo Park will still be king of the shopping heap in Winnipeg for a long time yet. There just hasn't been enough suburban growth to really pose a threat to its top-dog status.