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Downtown Renewal Projects lever investment in Winnipeg

November 05, 2009
Winnipeg, Manitoba

Today, the Government of Canada, the Province of Manitoba and the City of Winnipeg announced funding of more than $3.2 million through the Winnipeg Partnership Agreement to refurbish and improve landmarks in the historically rich North Main and Exchange Districts in downtown Winnipeg.

The funding was announced by His Worship Sam Katz, Mayor of Winnipeg, Manitoba Local Government Minister Ron Lemieux, and the Honourable Lynne Yelich, Minister of State for Western Economic Diversification.

In their unique way, these three projects contribute to the redevelopment of the downtown,” said Mayor Katz.  “Investing in our heritage buildings for businesses and providing upgraded green space at one of our most historic meeting places is another positive step toward the renewal of this part of our city.

Preserving heritage buildings in Winnipeg’s downtown and investing in the vibrant Old Market Square park will help to revitalize Winnipeg’s inner city,” said Minister Lemieux.

With today’s investment, we are creating more economic opportunities for the downtown area,” said Minister Yelich.

The downtown renewal projects are a significant injection to lever other investment, as well as support economic growth of the downtown area through commercial and cultural activity. All of the funded projects involve the preservation and refurbishment of heritage buildings and sites to bring them up to today’s standards while maintaining the unique character of this urban historical area.

The projects include a $2.3 million refurbishment of 104 King Street to restore the historical facade of the building, add parking facilities and develop the interior to be suitable for retail space; $800,000 to enhance Old Market Square green space and lighting; and $110,000 to restore the exterior and make upgrades to the former Dominion Bank Building at 585 Main Street.

Signed in 2004 and now in its final year, the Winnipeg Partnership Agreement (WPA) has committed virtually all of its funding. It has supported 245 projects with a total investment of $75 million. The WPA has funded projects that support downtown development; neighbourhoods; Aboriginal participation in Winnipeg’s economy; and economic development through technology and innovation. The funds announced today come from Component III – Downtown Renewal.

For more information, contact:

Gabriela Klimes
Communications, Winnipeg
Western Economic Diversification Canada
(204) 983-6243

Graham Gork
Communications Coordinator
Communications Services Manitoba
(204) 945-5795

City of Winnipeg
Media Enquiries
(204) 986-6000

WD Toll-Free Number:1-888-338-WEST (9378)
Teletypewriter (TTY): 1-877-303-3388
WD Website: www.wd-deo.gc.ca.
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Backgrounder

Winnipeg Partnership Agreement
Downtown Renewal – North Main and Exchange District

  • Bedford Investments, 104 King Street, $2,300,000
    The preservation of the original facades of this building at King Street and Bannatyne Avenue, the development of ground floor space for retail use and improved parking will preserve the character of the heritage site while encouraging private sector investment in the development of amenities, commercial and residential space for the Exchange District.

  • Old Market Square, $800,000
    Improvements to the lighting, paving, green space and other enhancements for safety, security and accessibility contribute to the unique character of this urban historical area and spur the cultural and economic resurgence of the Exchange District, which is listed as a National Heritage Site. Old Market Square is an open public green space, and a hub for numerous festivals and community events.

  • Bridgeman Collaborative Architecture Inc., Dominion Bank Building, $110,000
    Built in 1907, The Dominion Bank Building at 585 Main Street is now the home of a Winnipeg architectural practice, Bridgman Collaborative Architecture, which specializes in heritage buildings. Funding of $110,000 allowed the completion of numerous upgrades to bring the building up to current commercial office standards, and the restoration of its historical facade.

 


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