I found the final item of today's
federal funding announcement to be of particular interest.
Quote:
Originally Posted by Fischbob
3. $4.5M to relocate the Smythe Street electrical substation (SJ Energy responsible for an additional $6.9M).
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This opens up a new waterfront lot that along with its neighbouring parking lot creates a significant development opportunity between Smythe Street and Harbour Passage:
There is a bit of complexity in terms of the ownership situation, however. The area hashed in blue above actually sits on Port property (the rest of the site is either City-owned or public right-of-way). Hopefully an agreement can be struck to acquire that bit of parking lot from the port, as it is landlocked and has no apparent operational possibilities for them, while its consolidation with the rest of the site would make for a much larger and more attractive development parcel.
The entire area shown above, including the Red Rose surface parking lots, would do well to evolve toward higher and better uses.