Winnipeg could definitely support something that size. It would take longer to fill and would therefore be phased on a longer timescale but it could definitely be done in the Peg.
As for parking at PP...well, obviously they'd simply build an elevated parking deck. They may even add a level to the existing parkade if that can be done. There's no sense in putting it underground considering the expense of doing so and especially in Winnipeg. Mb. Hydro only has one level of underground parking downtown so that tells you something about the cost.
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