kcantor
Senior Member
The parking lot might cash flow better so you're probably ok...I’m gonna laugh if Westrich builds a 6 story wood frame on this site
On the other hand, you'll probably get to look at that parking lot for a veeeery long time.
The parking lot might cash flow better so you're probably ok...I’m gonna laugh if Westrich builds a 6 story wood frame on this site
Ah! An optimist, I see.Too bad the status quo will be a parking lot for 15-20 years.
This response is exactly why I'm not confident in the slightest about the development of downtown.I just heard back from Anne Stevenson:
Thank you for reaching out about the old BMO site, and for your help in stopping the Arlington parking lot. I appreciate your frustration with the current state of the BMO site and your lack of enthusiasm for Westrich's proposed surface parking lot. While it's not a decision that's coming to Council, I'll confess that I feel I could live with what Westrich is proposing. You're absolutely right that there's a huge risk of us suffering from goodenough-ism but I'm also mindful of not letting the perfect be the enemy of the better-than-what's-there-now. The imperative for me is moving the site into new hands and helping make that viable for a proven developer is something I'm open to. Even with the allowance for parking revenue, it's still looking like an exceptionally hard site to make viable and I'm worried we'll be stuck with the status quo indefinitely without some concessions being made.
I know that's not ideal and I hope that you don't give up! Thanks to community voices like yours, we're seeing other progress with our unlicensed parking lot initiative, including lots being closed down and other lands changing hands - all the things we want to be seeing happen to build a stronger downtown.
Thanks again for reaching out and for all your great advocacy. If you wanted to chat further, don't hesitate to let me know and we could grab a coffee.
Not perfect, but a thoughtful response nevertheless. I was surprised about the offer of coffee!
well historically that bet would be a bad one. The DT has been under continual improvement since the depths of the 90’s. Any gen x’r here can confirm that.This response is exactly why I'm not confident in the slightest about the development of downtown.
No, a realist.Ah! An optimist, I see.
The Quarters will see a few parking lots gone as well. Thanks Gene Dub and E4C project.Currently Edmonton is 3 steps forward, one step back when it comes to the surface parking battle. Westrich is helping more than they're hurting the core.
This is still the fault of the city. The site should be taxed at the same rate as when the BMO building was standing, but since this country taxes improvements, this type of action is incentivized.
We can complain about surface parking lots all day and night, but the insistence on taxing good behaviour (building valuable spaces) is the big issue here.
I agree the city bears responsibility here, the company is just reacting to the perverse incentives here. Until the city fixes this, others will do the same.Currently Edmonton is 3 steps forward, one step back when it comes to the surface parking battle. Westrich is helping more than they're hurting the core.
This is still the fault of the city. The site should be taxed at the same rate as when the BMO building was standing, but since this country taxes improvements, this type of action is incentivized.
We can complain about surface parking lots all day and night, but the insistence on taxing good behaviour (building valuable spaces) is the big issue here.
Well, wouldn't that be a comparable size to the building that was torn down? Perhaps it would have saved everyone almost a decade of grief if instead of tearing it down the owners did a residential conversion or something.I’m gonna laugh if Westrich builds a 6 story wood frame on this site