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

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Future Investments<br />

<strong>The</strong> proposed Convention Centre <strong>in</strong> downtown Halifax is another major<br />

<strong>in</strong>vestment that is <strong>in</strong> the f<strong>in</strong>al plann<strong>in</strong>g stages. Located <strong>in</strong> the heart <strong>of</strong> the<br />

enterta<strong>in</strong>ment district, the convention centre will be part <strong>of</strong> a multi-use<br />

private development that will also encompass a hotel, an <strong>of</strong>fice tower<br />

and retail and public space. <strong>The</strong> convention centre has approved fund<strong>in</strong>g<br />

from the municipal, prov<strong>in</strong>cial and federal governments, totall<strong>in</strong>g $163<br />

million, <strong>of</strong> which $56 million represents the municipal <strong>in</strong>vestment. <strong>The</strong><br />

developer is <strong>in</strong> the process <strong>of</strong> secur<strong>in</strong>g tenants for the private portion.<br />

<strong>The</strong> project is scheduled to beg<strong>in</strong> <strong>in</strong> 2012.<br />

Proposed Convention Centre<br />

http://www.metronews.ca/halifax/local/artic<br />

le/687679--it-will-be-a-future-eng<strong>in</strong>e-forhalifax<br />

48

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