Winnipeg Construction X

[trueviking]

Originally Posted by Labroco

If one wants less parking lots, create financial conditions to encourage more downtown construction. There have been a few residential developers downtown moving forward with ambitious projects. I respect and admire them all.

There is a TIF available right now. Know anyone who owns a lot of properties that could use redevelopment?

[trueviking]

Originally Posted by bomberjet

Anecdotal. But I work near the new apartment building going up on St. Mary Ave. The new build took over a surface lot.

Pre-pandemic, that lot was full and the other 2 lots west side of Donald were usually full. It was hard to find a spot most days if you weren't there earlier in the morning.

Now, even with that lot gone, there is always parking in the lots west of Donald. Easy peasey. Still $14 per day though. No change in price.

The lot across the street is owned by the province. It was for MPI employees but they now permanently work from home. The lot will be marketed for sale soon.

[bomberjet]

The MPI lots have been paid lots for a long time now. Maybe the MPI folks were the monthly pass holders, which took up a portion of the lot. Those spaces are also fairly empty.

Hopefully someone buys and develops it. I can find parking elsewhere when I need it. I usually bus downtown.

[1ajs]

Originally Posted by trueviking

The lot across the street is owned by the province. It was for MPI employees but they now permanently work from home. The lot will be marketed for sale soon.

we need to take a step back
some stratigetic planning is needed for parking or we will screw our selfs

[cityboy]

.

[bomberjet]

Rumour has it there is a 10 storey parkade being built in the near future. Just a block away from the lots in question. There's also numerous other parkades and a sea of surface parking nearby. I'm sure we'll be fine haha

[borkborkbork]

Originally Posted by Labroco

As for your other comment, one cannot disproportionately tax a property owner to construct a building that cannot be leased profitably.

I'm not sure I agree. If a city levies some sort of a surtax on vacant land in the core, it increases the holding costs of that land, doesn't it?

Like, right now, if I'm paying the city $3k a year in property taxes on a vacant lot, I may be willing to hold that land indefinitely, if I think that in the long run, the land will appreciate in value by more than it costs me to hold it.

If that land costs $30k a year in city fees instead of $3k, it changes the logic. And yes, the city can't force you to build unprofitably, but it can create incentives for you to either build or sell to someone who will.

[pegcityboy]

Was just driving by and was wondering is anything going to be built on Kapyong Barracks before 2030 ? It seems painfully slow after being empty this long and a plan announced awhile ago . I think between railside at the Forks and this going to be a real battle on which gets done first .

[Biff]

There is a gas bar that should start in April, followed by a multi-unit commercial building (strip mall) and then a hotel later in the year. On the NE Corner of Taylor and Kenaston.

[Labroco]

Originally Posted by trueviking

Nope. Not a parking lot. Temporary staging for film production.

If you park cars, trailers or mobile changing rooms on a vacant lot it’s being used as a parking lot. It’s not actually called staging but rather a circus… (true)

I’m all in favour of supporting and encouraging the film industry but let’s not pretend no one is parking there for the next six months. That makes it a
“temporary” parking lot.

I guess the rent generated will flow to Centre Ventures to keep the lights on, pay the rent and honorariums.

Better that income flows to the property owners in the area who actually pay taxes and support the industry.

[rrskylar]

Originally Posted by Biff

There is a gas bar that should start in April, followed by a multi-unit commercial building (strip mall) and then a hotel later in the year. On the NE Corner of Taylor and Kenaston.

Gas bar and smoke shop sounds about right, think big right!

[Kinguni]

Originally Posted by Biff

There is a gas bar that should start in April, followed by a multi-unit commercial building (strip mall) and then a hotel later in the year. On the NE Corner of Taylor and Kenaston.

They were doing test drilling on the lots on the NE and SE of Taylor and Kenaston back in January.

[thebasketballgeek]

Originally Posted by rrskylar

Gas bar and smoke shop sounds about right, think big right!

I'm starting to agree with you more and I don't know how to feel about that.

Surely it can't be long before a casino is announced...

[WinCitySparky]

I mean, the cost to develop that entire tract of land is going to be very high, if I were to think like a big money stakeholder, the first thing I would want to invest in is something that will immediately generate regular consumption profits to create a funding foundation. It’s genius really, all the card-holders in the vicinity will immediately buy gas and everything that goes with it at treaty price and the band will reap huge. The lines at Long Plain Petro by St Matthews are always long. Smart first move.

[CoryB]

Re Kapyong lands. Exactly how long was it again that the federal government needlessly stalled on the land transfer we all knew was going on be approved?

The base was merged with Shilo in 2004 but not declared surplus until 2007 when it was transferred to Canada Land Company. The Treaty One first nations immediately objected and it wasn't until 2019 that the federal government finally agreed to a settlement with them. That is the property sitting vacant for 15 years while the federal government protested the disposition.

Since that time the site had been cleared and the land has officially been made an urban reserve. Both steps that needed to happen before any new development. Overall it seems to be right on track and that is without even considering that most of the years of ownership have been under a pandemic.

[BlackDog204]

Originally Posted by CoryB

Re Kapyong lands. Exactly how long was it again that the federal government needlessly stalled on the land transfer we all knew was going on be approved?

The base was merged with Shilo in 2004 but not declared surplus until 2007 when it was transferred to Canada Land Company. The Treaty One first nations immediately objected and it wasn't until 2019 that the federal government finally agreed to a settlement with them. That is the property sitting vacant for 15 years while the federal government protested the disposition.

Since that time the site had been cleared and the land has officially been made an urban reserve. Both steps that needed to happen before any new development. Overall it seems to be right on track and that is without even considering that most of the years of ownership have been under a pandemic.

Simple.

NIMBY's with money did not want Indigenous people to own that property. I remember back around 2016 when the First Nation had won the legal dispute to own the land, and gave an "open house" to reveal their plans to construct housing and business on the land.

The crowd consisted of old rich people from Tuxedo and River Heights. None of them were happy, and their body language said it all. Never underestimate rich people with money. They may not have the ability to outright take the land from the Natives, but they sure as hell are going to put every obstacle in the way of it proceeding.

[BlackDog204]

Originally Posted by thebasketballgeek

I'm starting to agree with you more and I don't know how to feel about that.

Surely it can't be long before a casino is announced...

This is the plan as of 2021.

[Labroco]

Originally Posted by trueviking

I don’t think the Windsor has actually been sold.

I’ll get back to everyone in the next day or two as to its status.

I was really just murmuring.

[Labroco]

Originally Posted by borkborkbork

I'm not sure I agree. If a city levies some sort of a surtax on vacant land in the core, it increases the holding costs of that land, doesn't it?

Like, right now, if I'm paying the city $3k a year in property taxes on a vacant lot, I may be willing to hold that land indefinitely, if I think that in the long run, the land will appreciate in value by more than it costs me to hold it.

If that land costs $30k a year in city fees instead of $3k, it changes the logic. And yes, the city can't force you to build unprofitably, but it can create incentives for you to either build or sell to someone who will.

The City must tax on its assessed value based on it zoning or cash flow. Many parking parcels are taxed significantly more for a comparable parcel with a building on it because the parking lot generates substantially more income than one with a building.

For the most part (but not exclusively) development has happened with a tax incentive not disincentive.

Development is very difficult and has become extremely expensive especially in the core. The added challenges or urban poverty, addiction and the crime which manifests itself as a result discourages capital from being invested downtown. The owners of Artis REIT lost their company because of the cost overruns of the Main Street building we all wanted and cheered on.

It is very disheartening to watch the situation today.

Over taxation will not encourage development but rather further degrade real estate values and increase parking costs as the tax will be passed to the consumer.

No taxation for 20 years will not create development but may encourage it… may.

Proper transit and massive funding for addiction will help

This is NOT a landowner problem but rather the result of the conditions which lead to the poverty we all see.

There is not an easy answer or solution.

[cllew]

Originally Posted by Labroco

If you park cars, trailers or mobile changing rooms on a vacant lot it’s being used as a parking lot. It’s not actually called staging but rather a circus… (true)

I’m all in favour of supporting and encouraging the film industry but let’s not pretend no one is parking there for the next six months. That makes it a
“temporary” parking lot.

I guess the rent generated will flow to Centre Ventures to keep the lights on, pay the rent and honorariums.

Better that income flows to the property owners in the area who actually pay taxes and support the industry.

If I was a business owner/building owner in the area I would be happy the movie circus is in the fenced in compound and not taking up a few blocks of parking that potential customers would otherwise be blocked from using.

The only other secure lot I can think of is the small parking lot on the north side of the decommissioned King St. hydro substation.