Quote:
Originally Posted by Wpg_Guy
Prior to the Jets there was not much private investment in the downtown at all, and downtown development was near zero prior to True North's investment in the MTS Centre back in 2004 which is where we can trace the roots of all the downtown development today.
The sale of Portage Place place would likely not be happening without True North Square, the new owners of Newport publicly stated their multi million investment in that building was directly related to increase competition from the TNS development, other properties in the vicinity would be the same after decades of stagnant renewal. All the downtown development is a good things regardless who or what the initial stimulus was, when i joined this forum the most exciting thing we had to discuss was a humpty's Inn on Main and a few small developments that failed to ever materialize.
Developers are more willing to take a risk when other large entities like True North are investing hundreds of millions of dollars in new developments.
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Again the bolded is flat out false no matter how many times you repeat it. Downtown development was stalled out in 2004 primarily because the city itself was stagnant...very little growth from the late 80s to the early 2000s. The Bell MTS Centre happened to be constructed during the beginning of a period in which the city began experiencing population growth...mostly due to international immigration. Some of those and some millenials (due to different values than their predecessors) have chosen to live in the downtown or inner city...and that's not necessarily because of the jets return.
It's naive and beyond simplistic to base the the growth of downtown Winnipeg as a result of the Bell MTS Centre and the Jets
