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'Dicey territory': Greater investment, mixed-use remake needed to reverse downtown decline

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“We’re talking about a downtown core that is struggling, and needs huge numbers of people to come in and out, and be able to do that easily.”

, some experts suggest reorganizing the role of Toronto’s core in the city’s economy.

“What I see is a huge opportunity for downtown Toronto to remake itself,” Karen Chapple, director of the University of Toronto’s School of Cities, told CTV News Toronto., a model other urban centres have demonstrated to be successful. But investment won’t be possible without a rethink of the city’s fiscal framework, according to Matt Elliott, publisher of City Hall Watcher.hole and you say, ‘We’re just going to keep doing what we’re doing,’ and you’re not going to have a real plan to fill that budget hole, that gets into some really dicey territory,” Elliott said. “Because that’s when you start looking at really deep cuts.

 

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