Now what will this development do for local businesses and the potential for new businesses want to set up in the area. I think local businesses will benefit the mosts with more people choosing to live in the downtown area and more activities taking place after business hours. One of the biggest concerns for most retail businesses that wants to set up in Edmonton downtown in the past has seen lifeless streets after business hours, litters, old buildings, etc. especially after comparing to other parts of Edmonton like WEM, SEC and Whyte Avenue.
With new developments being slated to take place, I believe downtown Edmonton will finally become a destination where people want to play, shop and just hang out. I think downtown has improved significantly and sure the recent recession might have slowed the process a little, albeit 2009 - 2011 would have been the best time to have started some of the major projects as it would have been cheaper and everyone benefits when the economy takes off again. Overall I am excited about the prospects and hopefully the City, Edmontonians and the developers will follow through with this projects.
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