A series of unfortunate events. Part 2.
DEED. The acronym that conjures up mixed emotions. Love it or hate it, we should probably unpack it. And do the math.
Have you ever been to downtown Phoenix? Or Los Angeles? And I mean actual downtown, not Scottsdale or Disneyland. Well, I have and let me tell you, those are not pretty places. Yet, they have stadiums and convention centres and all the big, ginormous places, but I’ll tell ya, you take your life in your hands being there when there isn’t a big game on, a concert or a huge convention. It’s downright scary.
Why is that? Glad you asked.
Because no one LIVES there. No housing, no residents, no cute coffee shops ( outside of the one or seventeen Starbucks inside said facilities) and it is not a place anyone wants to be on a daily basis.
Saskatoon needs to create “downtown vibrancy” BEFORE developing a mega project. Housing, retail, shops, restaurants… in other words, third places. Places where people want to be not just for an event, but somewhere that they frequent already.
As I always do, here are 3 ideas:
-Inventivize commercial to residential conversions (last I heard, the downtown commercial vacancy rate was like 26%, while the rental housing vacancy rate was less than 2%)
-TIF (tax incremental financing) is NEVER a good strategy for consumption spending (despite what they tell you, the DEED is consumption spending, not infrastructure spending, more on that later)
-Saskatoon is currently in a deficit budget position. We should NOT be relying on future “assumptions” that this will right itself anytime soon without any solid proof. Wish in one hand, s%*t in the other. (I’ll take “The Other Hand” for $2.1 billion, please, Alex)
This isn’t even about citizens tax dollars (like 25 years down the road). It’s so much more than that. This is about creating a space that Saskatoon residents (not just tourists) will enjoy, appreciate, access easily, and want to be, cause it’s vibrant, thriving and safe.
Heck, I’ll move downtown in a heartbeat if it’s the place to be. 🩷