Downtown businesses struggle with low traffic, hoping for boost from new projects

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Downtown businesses struggle with low traffic, hoping for boost from new projects yyc yycbiz

“My concern and my feel is that I think Christmas is going to be quieter,” she said.

Office vacancy rates remain above 32 per cent through three quarters, according to CBRE, and while there has been some improvement, the move has been slow. It’s still the highest vacancy rate in Canada.Article content Those who remain open later often face questions from visitors about why other shops are closed, says Sarah Foy, owner of Volio’s Confections at 704 – 8 Avenue S.W., which stays open until 7 p.m. operating adjacent to the Ramada Hotel.Article content

The struggle of Calgary’s downtown is clear to Foy. Her store is surrounded by empty skyscrapers like the Husky and Nexen buildings. She sees other vacant towers being converted into residential and says that type of plan is a good place to start to bring more people to the core, but there is much that needs to be done.

He said this can partially be addressed through the creation of community spaces like halls or recreation facilities where people can meet for a game of pick-up basketball, for example, or gather for other events. The association has started finding ways to bring some of the roughly 9,500 local residents together through meetings and community garage sales.

 

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They want to increase taxes on home owners. Unlike businesses we have no way of increasing income! Therefore less money to spend!

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