Big Daddy
Senior Member
I've been wishing this for years but this makes no sense ... why would a casino all of the sudden make downtown more attractive for office development ... it wouldn't ...
I'm curious, what company are you referring too (and did they move in the end) ?
For all the talk of the reverse 416->905 migration, it really hasn't happened, sure less companies have moved out over the last 5 / 10 years, but very few have actually moved from the 905, there are a couple exceptions, though most of those have actually moved from the outer 416 but anyway ...
That's not what explains the growth in the core at all, its been the existing stock of tenants (i.e. the FIRE industry) expanding. In the outer core, its been the creative tech companies and the like (many start-ups) that have feuded this growth. On top of this their has been massive growth in the education / health care research industries, also predominantly located in the core ... though note health care in general is mainly Mississauga (and some parts of North York), but most of the research institutes are downtown.
But alas, the giant American corporations with their Canadian headquarters (predominantly in Mississauga, Markham, and Richmond Hill [ in that order ]), have yet to consider the core (or even the outer 416).
Anyway the point is, this development will not change anything whatsoever in this regard ... it will not make the core less or more attractive to anyone in terms of where to locate their offices.
I wasn't referring to the casino when I said downtown was becoming more attractive - why don't you read a post before you ravage it?
I said the glut of people now living downtown makes it more attractive to businesses. I'm pro casino, but that's a minor point regarding the vitality of our downtown. And no they have not yet made the move, but moving to the suburbs - preferably on the Yonge subway line - was the plan because that's where the employees were.
My point is/was, that now there are thousands more people downtown - due to the condo boom - I was postulating that downtown is now more attractive to businesses as a place to locate.
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