Can public investment revive Canada’s ailing main streets?

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Can public investment revive Canada’s ailing main streets?
Topstories,Commercial Real Estate,Property Report

Resilient downtown areas require mobility and connectivity to outer communities

Upgrading historic buildings, developing parks and plazas and mobility, such as bicycling and ride sharing, can keep main streets vibrant and healthy.

Among the success stories from the program’s $23.25-million first round in 2021 are a patio program that tripled the return on investment for downtown Kitchener businesses and a shop in Brampton that used its $10,000 grant for a redesign which nearly doubled its space and increased sales.— Mary W. Rowe, president and chief executive officer, CUI

New issues are arising that are making life more difficult for main street businesses, the panelists cautioned. A factor discouraging people from shopping main streets is the growing homeless population on urban streets, Ms. MacDonald notes. “It means that shopkeepers are keeping their doors locked.

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