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Originally Posted by Echoes
It's disheartening to hear, but not terribly surprising that construction won't begin this year.
The article says they're "working with potential tenants and looking at project specifics." We don't know the full story behind what's going on. They could be working with a major hotel brand or major office tenant with very specific needs that need to be ironed out.
A $250 million project is a major undertaking for Saskatoon. That number could be higher as I believe that valuation is now years old. If I was behind this project, I wouldn't start digging until all my ducks were in a row.
For what's it worth, Nasser's comments are positive and optimistic.
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Let's hope that Delta Hotels decides to go there. They have decided to differentiate themselves from the other hotels by having state of the art hotels with all the latest communication gear in every room. In several cities that has resulted in them selling off there existing hotel and building a new property.