Can public investment revive Canada’s ailing main streets?

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 34 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 66%
  • Publisher: 92%

Adveditorial News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Initial Jobless Claims Ease in Sign of Resilient Labor MarketInitial applications for US unemployment benefits held near historically low levels last week, underscoring the resilience of the labor market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Identifying Resilient Companies in the Face of High Interest RatesAs the Federal Reserve delays rate cuts, the importance of finding companies resilient to high rates grows. We screen for U.S. companies with a market cap over $10 billion, low long-term debt to NOPAT ratio, and a high economic performance index.
Source: globeandmail - 🏆 5. / 92 Read more »