October 21, 2018

Winnipeg
1° C, A few clouds

Full Forecast

Advertisement

Advertise With Us

City unveils plan for parkade sale revenue

Hey there, time traveller!
This article was published 14/3/2011 (2777 days ago), so information in it may no longer be current.

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.

Get the full story.
No credit card required. Cancel anytime.

Join free for 60 days

After that, pay as little as $0.99 per month for the best local news coverage in Manitoba.

 

Already a subscriber?

Log in

Join free for 60 days

 

Already a subscriber?

Log in

Subscribers Log in below to continue reading,
not a subscriber? Create an account to start a 60 day free trial.

Log in Create your account

Your free trial has come to an end.

We hope you have enjoyed your trial! To continue reading, we recommend our Read Now Pay Later membership. Simply add a form of payment and pay only 27¢ per article.

For unlimited access to the best local, national, and international news and much more, try an All Access Digital subscription:

Thank you for supporting the journalism that our community needs!

Your free trial has come to an end.

We hope you have enjoyed your trial! To continue reading, we recommend our Read Now Pay Later membership. Simply add a form of payment and pay only 27¢ per article.

For unlimited access to the best local, national, and international news and much more, try an All Access Digital subscription:

Thank you for supporting the journalism that our community needs!

We hope you have enjoyed your free trial!

To continue reading, select a plan below:

All Access Digital

Introductory pricing*

99¢

per month

  • Unlimited online reading and commenting
  • Daily newspaper replica e-Edition
  • News Break - our award-winning iOS app
  • Exclusive perks & discounts
Continue

Read Now Pay Later

Pay

27¢

per article

  • Commitment-free
  • Cancel anytime
  • Only pay for what you read
  • Refunds available
Continue

*Introductory pricing schedule for 12 month: $0.99/month plus tax for first 3 months, $5.99/month for months 4 - 6, $10.99/month for months 7 - 9, $13.99/month for months 10 - 12. Standard All Access Digital rate of $16.99/month begins after first year.

We hope you have enjoyed your free trial!

To continue reading, select a plan below:

Read Now Pay Later

Pay

27¢

per article

  • Commitment-free
  • Cancel anytime
  • Only pay for what you read
  • Refunds available
Continue

All Access Digital

Introductory pricing*

99¢

per month

  • Unlimited online reading and commenting
  • Daily newspaper replica e-Edition
  • News Break - our award-winning iOS app
  • Exclusive perks & discounts
Continue

Mon to Sat Delivery

Pay

$34.36

per month

  • Includes all benefits of All Access Digital
  • 6-day delivery of our award-winning newspaper
Continue

*Introductory pricing schedule for 12 month: $0.99/month plus tax for first 3 months, $5.99/month for months 4 - 6, $10.99/month for months 7 - 9, $13.99/month for months 10 - 12. Standard All Access Digital rate of $16.99/month begins after first year.

We hope you have enjoyed your free trial!

To continue reading, select a plan below:

All Access Digital

Introductory pricing*

99¢

per month

  • Unlimited online reading and commenting
  • Daily newspaper replica e-Edition
  • News Break - our award-winning iOS app
  • Exclusive perks & discounts
Continue

Read Now Pay Later

Pay

27¢

per article

  • Commitment-free
  • Cancel anytime
  • Only pay for what you read
  • Refunds available
Continue

*Introductory pricing schedule for 12 month: $0.99/month plus tax for first 3 months, $5.99/month for months 4 - 6, $10.99/month for months 7 - 9, $13.99/month for months 10 - 12. Standard All Access Digital rate of $16.99/month begins after first year.

We hope you have enjoyed your free trial!

To continue reading, select a plan below:

Read Now Pay Later

Pay

27¢

per article

  • Commitment-free
  • Cancel anytime
  • Only pay for what you read
  • Refunds available
Continue

All Access Digital

Introductory pricing*

99¢

per month

  • Unlimited online reading and commenting
  • Daily newspaper replica e-Edition
  • News Break - our award-winning iOS app
  • Exclusive perks & discounts
Continue

*Introductory pricing schedule for 12 month: $0.99/month plus tax for first 3 months, $5.99/month for months 4 - 6, $10.99/month for months 7 - 9, $13.99/month for months 10 - 12. Standard All Access Digital rate of $16.99/month begins after first year.

Hey there, time traveller!
This article was published 14/3/2011 (2777 days ago), so information in it may no longer be current.

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.

Advertisement

Advertise With Us

You can comment on most stories on The Winnipeg Free Press website. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or digital 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 The Winnipeg Free Press print or digital subscribers only. why?

Have Your Say

Comments are open to The 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 January 2015.

Advertisement

Advertise With Us