21.01.2014 Views

The Value of Investing in Canadian Downtowns - International ...

The Value of Investing in Canadian Downtowns - International ...

The Value of Investing in Canadian Downtowns - International ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Context Map: Key Assets and Features <strong>in</strong> the Downtown<br />

John Labatt Centre (1)<br />

<strong>The</strong> John Labatt Centre is a catalytic piece <strong>of</strong><br />

<strong>in</strong>frastructure to spur revitalization <strong>in</strong> the<br />

downtown. Construction <strong>of</strong> the facility began <strong>in</strong><br />

2001 and the new arena opened <strong>in</strong> 2002. <strong>The</strong><br />

John Labatt Centre seats 9,000 people for hockey<br />

games and hosts approximately 150 sport<strong>in</strong>g and<br />

non-sport<strong>in</strong>g events a year. Through such events,<br />

the centre attracts approximately 500,000 visitors<br />

to the downtown every year.<br />

Covent Garden Market (2)<br />

<strong>The</strong> market was first established <strong>in</strong> 1845, and was<br />

rebuilt <strong>in</strong> 1999 with help from the City. <strong>The</strong> market<br />

has been a major draw for the downtown and<br />

sales have tripled s<strong>in</strong>ce its reopen<strong>in</strong>g.<br />

Approximately 40,000 people visit the market<br />

each month and it <strong>of</strong>fers them a wide variety <strong>of</strong><br />

fresh food, restaurants and shops.<br />

Central Library (3)<br />

Central Library was developed <strong>in</strong> 2002 <strong>in</strong> the<br />

struggl<strong>in</strong>g Galleria Mall (now known as Citi Plaza).<br />

<strong>The</strong> Central Library brought a creative and<br />

excit<strong>in</strong>g new use to a space left vacant by the Bay<br />

store. <strong>The</strong> library has been a huge success and<br />

now attracts 95,000 people monthly.<br />

Fanshawe College Campus (4)<br />

Fanshawe College has recently purchased a<br />

heritage build<strong>in</strong>g to develop a downtown arts<br />

campus. This development is the beg<strong>in</strong>n<strong>in</strong>g <strong>of</strong><br />

Fanshawe’s 10 year multi-campus build<strong>in</strong>g project<br />

that will expand the student base downtown. It is<br />

planned that with<strong>in</strong> 10 years, the school will have<br />

several downtown build<strong>in</strong>gs with space for 1,000<br />

students and 75 staff.<br />

Citi Plaza (5)<br />

After an extensive redevelopment <strong>of</strong> the Galleria<br />

Mall <strong>in</strong> 2009, the mall was transformed <strong>in</strong>to a<br />

mixed-use complex and renamed Citi-Plaza. It<br />

conta<strong>in</strong>s a mix <strong>of</strong> retail, <strong>of</strong>fice, bus<strong>in</strong>ess and<br />

consumer services and three post secondary<br />

educational facilities. <strong>The</strong> Plaza also conta<strong>in</strong>s the<br />

Ra<strong>in</strong>bow C<strong>in</strong>emas which has attracted millions <strong>of</strong><br />

visitors s<strong>in</strong>ce open<strong>in</strong>g <strong>in</strong> 2002.<br />

City Hall (6)<br />

City Hall is located at 300 Duffer<strong>in</strong> Avenue, and it is here that civic adm<strong>in</strong>istrative staff and<br />

City Council consult with the pubic <strong>in</strong> order to set annual budgets, establish strategic<br />

priorities, and determ<strong>in</strong>e overall policies<br />

Convention Centre (7)<br />

<strong>The</strong> Convention Centre, open <strong>in</strong> 1993, held 28 conventions and 14 multi-day meet<strong>in</strong>gs <strong>in</strong><br />

2010 and s<strong>in</strong>ce 2008, has held 1164 events compris<strong>in</strong>g 380,000 people.<br />

Victoria Park (8)<br />

This historic park (created <strong>in</strong> 1874) <strong>of</strong>fers many opportunities for recreation and is home to<br />

festivals and special events and features an outdoor skat<strong>in</strong>g r<strong>in</strong>k <strong>in</strong> the w<strong>in</strong>ter. This<br />

downtown park receives approximately one million visitors annually.<br />

Labatt Park (9)<br />

<strong>The</strong> historic Labatt Park (created <strong>in</strong> 1877) is a baseball stadium located near the forks <strong>of</strong> the<br />

Thames River <strong>in</strong> central London. It is the oldest cont<strong>in</strong>uously used baseball diamond <strong>in</strong> North<br />

America and was voted best baseball park <strong>in</strong> Canada, accord<strong>in</strong>g to the Baseball Canada<br />

organization.<br />

Forks <strong>of</strong> the Thames (10)<br />

Located at the very west end <strong>of</strong> the Downtown, the Forks <strong>of</strong> the Thames consist <strong>of</strong> several<br />

<strong>in</strong>terconnected parks <strong>in</strong>clud<strong>in</strong>g the Peace Garden, Ivey Park and Harris Park. An extensive<br />

pathway system (50km long) extends from Ivey Park along the Thames <strong>in</strong> three directions,<br />

connect<strong>in</strong>g downtown London with city neighbourhoods some 12km away from the<br />

downtown.<br />

Dundas Street (11)<br />

Dundas Street is on the rise, with heritage build<strong>in</strong>gs<br />

be<strong>in</strong>g restored and vacancies decl<strong>in</strong><strong>in</strong>g. Residents<br />

and workers are enjoy<strong>in</strong>g the experience <strong>of</strong> this<br />

“ma<strong>in</strong> street” with a grow<strong>in</strong>g number <strong>of</strong> <strong>in</strong>dependent<br />

retailers and nearby facilities such as the John Labatt<br />

Centre, Central Library and Covent Garden Market.<br />

Transit Hub (12)<br />

<strong>The</strong> hub <strong>of</strong> London’s transit system is located<br />

downtown at Dundas and Richmond Streets and<br />

conta<strong>in</strong>s both VIA Rail and London Transit stations.<br />

<strong>The</strong> City has focused resources to develop its transit<br />

bus system and its London Transit buses service the<br />

City as a whole and all major streets <strong>of</strong> the<br />

Downtown.<br />

London Tra<strong>in</strong> Station (13)<br />

<strong>The</strong> London Tra<strong>in</strong> Station is the primary regional<br />

transportation hub with<strong>in</strong> the City and considered<br />

Canada’s fourth-busiest passenger term<strong>in</strong>al.<br />

Residential Growth<br />

Over the past 10 years, downtown London has<br />

experienced significant population growth and the<br />

construction <strong>of</strong> many new residential units. S<strong>in</strong>ce<br />

1998, 1,731 units have been constructed <strong>in</strong> the<br />

downtown. <strong>The</strong>se units enjoy close proximity to the<br />

Forks <strong>of</strong> the Thames and new public facilities<br />

Downtown.<br />

Public Art<br />

Downtown London has artistic and decorative metal<br />

trees which add <strong>in</strong>terest and colour to the downtown<br />

and promote London as the “forest city”.<br />

Heritage Preservation<br />

Downtown London has a strong heritage core,<br />

particularly along Dundas and Richmond Streets and<br />

around City Hall. A variety <strong>of</strong> <strong>in</strong>centive programs<br />

have been created to encourage property owners to<br />

restore and renovate heritage build<strong>in</strong>gs; both their<br />

facades and <strong>in</strong>teriors. A cont<strong>in</strong>u<strong>in</strong>g challenge for<br />

downtown London will be to repurpose its heritage<br />

stock to meet the needs <strong>of</strong> modern life.<br />

101 10<br />

1

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!