Quote:
Originally Posted by red_179
Also with regards to the parking availability, it sounds like Streetside and Sunstone themselves were the ones that pulled out of the James Avenue Parkade, so it would be pretty disingenuous of them to blame the City for not providing parking.
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There is likely more to the story than that.
The one main thing to consider is that after 132 James is completed and the condos go for sale, further residential development in the immediate area will effectively stall until the parking situation is addressed.
For better or for worse, the developers in the area plowed ahead with condo conversions in and around James Avenue based on development incentives (on the short term) and the promise for additional parking (in the long term).
Any point to consider is that converting 100 year old warehouses is an extremely costly undertaking. The market prices for condos are not at the level in Winnipeg where these developments can happen without some sort of financial stimulus. If we want the Exchange to grow and prosper, it is going to cost all taxpayers a bit of money to make it happen.