Winnipeg Free Press - ONLINE EDITION

City unveils plan for parkade sale revenue

  • Print

WINNIPEG - The City of Winnipeg has finally decided what it intends to do with the $23.6 million it took in from the sale of the Winnipeg Square Parkade in 2009.

Fifteen months ago, the city sold the revenue-generating asset to the owners of the Winnipeg Square and Commodity Exchange tower. At the time, the city planned to wait for the results of a Winnipeg Parking Authority study of downtown parking conditions before deciding how to use the proceeds of the parkade sale.

Tomorrow, city council’s alternate service delivery committee – which oversees the parking authority – will consider a plan to dole out the $23.6 million six ways:

  • $5 million will help fund a new mixed-use parkade on James Avenue, east of the Centennial Concert Hall.
  • Another $5 million will be used to help redevelop the north side of Portage Avenue.
  • $3.3 million will be used to fix the city-owned Millennium Library Parkade.
  • $8.3 million will be used to pay down the Winnipeg Parking Authority’s debt to the City of Winnipeg. This debt exists on paper as the result of a former practice of using parking revenues to balance the city’s operating budget.
  • $2 million will be held by the city until it decide what to do with the city-owned Civic Centre Parkade, which is in need of repair and could be demolished if the adjoining Public Safety Building is also demolished.

In a separate report, the Winnipeg Parking Authority asked the city to approve $606,000 in funding to conduct "critical short-term maintenance" on the Civic Centre Parkade.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Exclusive architectural tour of CMHR with Antoine Predock

View more like this

Photo Store Gallery

  • MIKE.DEAL@FREEPRESS.MB.CA 110621 - Tuesday, June 21, 2011 -  Doug Chorney, president Keystone Agricultural Producers flight over South Western Manitoba to check on the condition of farming fields. MIKE DEAL / WINNIPEG FREE PRESS
my2011poy
  • A baby Red Panda in her area at the Zoo. International Red Panda Day is Saturday September 15th and the Assiniboine Park Zoo will be celebrating in a big way! The Zoo is home to three red pandas - Rufus, Rouge and their cub who was born on June 30 of this year. The female cub has yet to be named and the Assiniboine Park Zoo is asking the community to help. September 14, 2012  BORIS MINKEVICH / WINNIPEG FREE PRESS

View More Gallery Photos

Poll

Do you plan on attending any of the CMHR opening weekend events? (select all that apply)

View Results

View Related Story

Ads by Google