What do you think of this project?

  • Total voters
    60
David A said:
Its called cash flow, like many things in life say 70% or 80% of what you want is better than 100% of nothing. Cash flow is what allows you to do adequate maintenance and pay down mortgages.

I don't know what sort of fantasy world some people live in or have convinced themselves and maybe some others of, but this is a good example of how it does not really work in the end.
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Cashflow to an individual person or household or small business is not the same as financing and property values for massive REITs, investment funds, banks, pensions, etc.

Please read over the links I shared.

And I don’t disagree with you….i wish it worked the way you’re describing. It would better represent basic supply/demand economics. It would bring a ton of vibrancy back to our cities…. But could also jeopardize future project financing approvals.

Which is why I wonder if a “stick”, like taxes on vacant storefronts could even help or not? But surely we need a solution…
 
Confirmed!

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I think the only banks remaining that are NOT in the ICE District are CIBC (until next year), BOM, ATB and Laurentian.
 
Main question I got is what's going to end up replacing CIBC at their old location. It's a pretty prominent corner of downtown.

I don't mind getting banks in the Ice District for now, but it's a far cry from what we were sold on years ago. No Rec Room or Cineplex but hey we got a CIBC and a Servus! But considering that these are the new and shinier buildings in downtown, I feel like this was somewhat expected.
 
IanO said:
As that CIBC is my home branch, I am not pleased as it is important to have these along our most prominent Ave and it's far more convenient than going to ICE each time.
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Yes, what is it with the banks lemming like approach to go move here? It is really not a better location for many customers.

Some years ago, CIBC spent a lot of money to fix up that branch and historic building, it is actually quite nice and decent now. No need to move.
 
^ Banks these days view location as giant billboards -- success breeds competition for more of the same. The landlord could have been more creative in attracting better street-worthy uses rather than another pedestrian-traffic--killing bank.
 
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