Quote:
Originally Posted by Tacheguy
one thing I have long puzzled over is the north portage parking situation. if the Forks is generating a clear profit of say 5 million a year, what is the amount they should sell it for to a developer? presumably they would ask 80 to 100 million cash, in order to generate 4 or 5 million a year through investments. but what is that parkade worth to a property developer who sees it as parking for condos or apartments? I am no expert on property development but I would think that they would want to pay a lot less than that. and i dont think the frc would want to sell it to someone who is going to continue operating it as a public parkade. so basically FRC would be shrinking its asset base, although for a public good. not saying it cant or wont be done but it will be interesting to see how the board deals with it.
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The Forks isn't a for-profit business. Of course they'll want to make money and sell it at or above market value, but they kind of would be selling it "for the public good" as you say. They don't want to be in the parking business – they only are right now because of necessity. As soon as they can offset that $5m with new revenue from The Forks, they'll divest.
They operate just like CentreVenture in a way – their non-profit neighbourhood renewal organization. Once they can afford to get out of North Portage, they'll be more than happy just stepping aside to allow further private development there.
Quote:
Originally Posted by bomberjet
What I think should happen is York aligned with waterfront as the 4 lane road. Then have izzy asper come off as a two lane road. Like this. I show slip lanes for Izzy Asper, but could probably not have those installed.
That whole area has bad traffic flow in general. As York is a main exit from downtown that gets bunged up in both directions all the time. Too bad the main route to east Winnipeg is through the Forks and provencher.
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I don't mind this idea, but would much prefer to see York shrink to 2 lanes and not be so easily connected to Waterfront/Provencher. Because it actually isn't/shouldn't be the big connector you think of, right through The Forks/Railside. That's what William Stephenson & Pioneer/Portage are for, and actually aligned with Provencher. The city just needs to do a better job through design and signage of making that the main route.
My preference would be to see York down to 2 lanes going into The Forks (or 1 in, 2 out) with a 2-way cycle track, then west of Portage, York is 3 lanes + 2-way cycle track all the way to Colony. I really don't think there's any need for York to be 4 lanes of through traffic at any point. Put in a 2-way cycle track the whole way from Colony to Asper, and you've just connected U of W to The Forks, and Broadway to The Exchange, meeting at York & Fort/Graham.
If you're worried about flow, you could even make York continue as a 1-way into The Forks to allow lots of left turning onto Main then right on William Stephenson. Then you have Forks Market Road & Pioneer/Portage as exits.