DougB
Senior Member
No mention of the primary disadvantage of that site
No mention of the primary disadvantage of that site
Great, now let's house them too.We'll have the cleanest hobos west of the Mississippi!
That’s 100% what it is. It’s nice to list East Village as an advantage, but from an investors point of view, the DIC kills it as a potential development site.Doug, are you referring to the DI?
Sure gives me hope about the CRL to read this ...Strictly from an investors point of view, you’d have to be brain dead to invest in something in that location.
There are issues with the DI for sure, but this blows it way out of proportion. I’m sure the largest grocer and bank in the country wouldn’t have opened locations if it’s the absolute hellscape you describe.That’s 100% what it is. It’s nice to list East Village as an advantage, but from an investors point of view, the DIC kills it as a potential development site.
Strictly from an investors point of view, you’d have to be brain dead to invest in something in that location.
There are issues with the DI for sure, but this blows it way out of proportion. I’m sure the largest grocer and bank in the country wouldn’t have opened locations if it’s the absolute hellscape you describe.
In all fairness, those tenants signed on way back when EV was starting out. The thought was that by now EV would be built out and the full of people. In the time since then EV stalled out to some degree and the area around the DI seems to have gotten worse and has made the old YWCA site more of a challenge today. It's not that it can't be done, but not surprising investors aren't as bullish on the parcel as they once were.There are issues with the DI for sure, but this blows it way out of proportion. I’m sure the largest grocer and bank in the country wouldn’t have opened locations if it’s the absolute hellscape you describe.
I still can't believe it was renewed. One central place doesn't serve the city well or the people who need the DIC.The DI is, unfortunately, ground zero in Calgary for both the homelessness and opioid/fentanyl crises. I have a relative who used to work there and whatever you may have heard about the DI, it's likely even worse. And obviously, it continues to worsen since Covid so I can see how it's a turnoff to many investors.
One challenge is that other large cities tend to have multiple facilities in different areas that serve the purpose of the DI, rather than concentrating all of it in one very large building.
Probably out of convenience. Would be extremely hard to create a new space and the amount of community opposition it'd receive. There will be nearby residential if it's going to be accessible to the people that need it.I still can't believe it was renewed. One central place doesn't serve the city well or the people who need the DIC.
Very true, people fall all over themselves to prevent renters! Imagine low/no income people!Probably out of convenience. Would be extremely hard to create a new space and the amount of community opposition it'd receive. There will be nearby residential if it's going to be accessible to the people that need it.
Calgary like any city is not uniform in opinions or good/bad takes, but one issue it will increasingly wrestle with that as a big city different people and different incomes live here.Very true, people fall all over themselves to prevent renters! Imagine low/no income people!
A direct quote from someone in the Marda Loop area when confronted with the idea of a rental development: "Things like this are going to turn this community into a slum".