Platinum107
Senior Member
While it is suuuuper disappointing to see another parking lot be created, it's obvious that Westrich is playing the long game, guys. Edmonton's market for downtown construction has literally been at rock, and I mean ROCK
bottom for the past 6 years. There has been so little capacity for new construction downtown post-covid that it took a whole tax incentive program to get a decent amount of projects going at one time. Westrich, along with other companies like Maclab and Autograph, are most likely waiting for the market to improve in order to make their projects pencil out, then we'll see some renderings and shovels in the ground.
Developers really have one goal in the end: generate profit. Unfortunately, its kinda hard to do that in downtown Edmonton right now for various reasons. I have faith that Westrich will deliver a tower here in due time.
With that said, the subsidy discussion is an important one to have. I'm personally more on the side of no subsidy as it would likely open up a violent can of worms *cough* Arlington *cough*
Developers really have one goal in the end: generate profit. Unfortunately, its kinda hard to do that in downtown Edmonton right now for various reasons. I have faith that Westrich will deliver a tower here in due time.
With that said, the subsidy discussion is an important one to have. I'm personally more on the side of no subsidy as it would likely open up a violent can of worms *cough* Arlington *cough*
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