The vacancy’s effects are clear enough, even just looking around. The Plus 15s, the nearly 16 kilometres of pedestrian walkways with 83 bridges that connect buildings in downtown Calgary, are practically deserted.AdvertisementIn Calgary’s specific case, much of that premiere downtown real estate is — or was — occupied by oil and gas giants.
Commercial realtors in Calgary have seen some companies outside the oil and gas industry take advantage of lower costs and lease additional space in recent months. The lack of commuter traffic affects revenues from parking, or bus tickets and passes, for example. And, obviously, having fewer people in office spaces affects other businesses downtown, whether that’s cultural groups and non-profits or bars and restaurants. There has also been an increase in crime downtown, said Woolley.
“It’s an unfortunate thing, because, the timing being such, the pandemic has affected everyone in Calgary and certainly in Alberta,” Ball said. “For non-profits it means there’s been an increase in the demands for their services.”“Of course people working downtown creates a vibrancy 5 to 7 and 7 beyond for bars and restaurants and also live in-person events and so the arts sector is tied to, in some ways, the vitality of the downtown core.
And to think when oil was $150 back in 2008, Albertans were bragging to the rest of Canada that they were going to pave their driveways with gold. Look at you losers now. 😂😂😂
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nationalpost - 🏆 10. / 80 Read more »
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »