Do you really think that City Council doesn't want to attract or keep head offices in the city? Really? I think what you actually are trying to suggest is that they have been ineffective or put insufficient resources to grow the business community, but it is hard to know when you don't say what you mean.
Frankly, I don't know which downtown you are looking at, but Edmonton's core is definitely better than it was 20 years. Not only is the residential population larger, but it also has experienced multi-billion dollar investment of both public and private money. I get that there are a lot of work still to be done, but things are absolutely better than 2 decades ago.