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

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KEY FINDINGS<br />

<strong>The</strong> project team developed the follow<strong>in</strong>g key f<strong>in</strong>d<strong>in</strong>gs with respect to the overall performance <strong>of</strong> the 10 downtown<br />

case studies, relative to the five pr<strong>in</strong>ciples for a successful downtown:<br />

VISIBILITY<br />

Does the downtown have an <strong>in</strong>tegral and central role <strong>in</strong> the life <strong>of</strong> the wider city?<br />

<strong>Downtowns</strong> across Canada are undergo<strong>in</strong>g a renaissance<br />

Even though each downtown is uniquely shaped by its history, size and geographical context, downtowns across<br />

Canada share more similarities than differences. <strong>The</strong> downtowns featured <strong>in</strong> this report have each faced many<br />

common experiences and dist<strong>in</strong>ct stages <strong>in</strong> their evolution and they are all currently experienc<strong>in</strong>g a renaissance.<br />

<strong>The</strong> Powerful Downtown - Until the 1950s<br />

Historically the dom<strong>in</strong>ant role <strong>of</strong> Canada’s downtown was secure, and the downtowns all had the advantage <strong>of</strong> be<strong>in</strong>g<br />

the most central and accessible neighbourhoods <strong>in</strong> their respective cities. <strong>Downtowns</strong> possessed key assets such as<br />

major transportation routes and were home to the pr<strong>in</strong>cipal concentration <strong>of</strong> <strong>of</strong>fices, retail, enterta<strong>in</strong>ment, and public<br />

services. Moreover these downtowns were developed with well def<strong>in</strong>ed street grids, strong heritage features and<br />

were closely connected with adjacent suburbs. As is clear from the case studies, all the downtowns benefit from this<br />

legacy and rema<strong>in</strong> at the centre <strong>of</strong> their city’s transportation network, conta<strong>in</strong> historic civic and <strong>in</strong>stitutional build<strong>in</strong>gs,<br />

are still connected to a strong <strong>in</strong>ner r<strong>in</strong>g <strong>of</strong> suburbs, are highly walkable, and have a strong heritage fabric.<br />

Toronto <strong>in</strong> the 1910s<br />

Downtown Saskatoon, 1913<br />

9

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