Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 16 Jun 1999, p. 20

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A”? 'iiitcis,_i,_'i,la'ukt")' , {A There has nrvcr been .1 better (mu: for growth m Uptown Waterloo. The my IS cxpunding 'iti'tsin all areas”. world- 'ra"" renuwncd universities. '"threr, “”me Pf, msumnrr companies, _ LTI, g ' 'd ', hrgh-tech ventures, 'h' ti l'iiir) and increasing res- " V ukminl dtrvelopments. i I, Our core must also =v expand and prosper In order to support these opportum"cs. Wc. the staffof the City of Waterloo, have been working hard m develop a plan to strengthen our (am We arc part of this community and wtr gcnumcly care about Waterloo. That is why we've iavested so much um: and effort in working With the com- mumly to dcttrrmme the right course ofaction. " any” ff}! ' " The opportur""es for growth arc here. In fact, there has been close to $200 million of investment in the core III the last ten years. The City has been instrumental in driving and assuming many successful develop- ments, Including the Waterloo Recreation Complex, Luther Village on the Park. the Barrel Warehouse Condominiums and the conversnon onrtiseagram Museum. But so much more is needed. Invcslmcm In the retail sector has been low, at only $5 million. and sales have suffered m the face of com pet man But change 15 around the coma Currently, there is a conditional agreement wuh First GulfDeveiop ment Corporation to purchase the We've got ( of the futu F _ c ' 3% at , t) w ",1" v. '3 , N' 5 W m, I it former Seagram and Waterloo Square parking Lands from the City. The developer also has a conditional agreement wrth Canada ere to purchase rhc Waterloo Town Square Shopprng Cente. First Gulf IS pro- pusmg a mixed-use development rncludrng a Ibsen-en cmcma com- plex, a hotel, H7 mtllron sq. ft. of retail and office space. q ' condominiums. and [U Increased parking. ‘ LI r fs, E This proposal rep- : . l resents tt total of B' ". $330 millron In " 3%) investment over the next 5 to IO years. We're exceed about these Opportum Hes. We believe that the best way to d Vision 0 M4 mica We'd like to sh '/iiCair3 cnsutc future pms- 1" T perky for Uptown . ' Waterloo " an ,8: _ mmgmmd corn- 15;? , prchtnswr 59*“ des elopmtrrtt, "If: which will Create f? _ jobs. attract 7 tourists. strengthen _ our economy, mm. pete with other rem! nodes In the City and Improve our quality ofhfe, First Gulfoffers a provtrn track record, speciahzrd cxpcnusc and the capital to make things happen. For many years, an Uptown Vision Committee has gunded decisions that affect the Uptown while represertt"tg the dynamic needs of the mute com- ttE ri",Sjt'i'rt",y"t Cig' WM

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