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Thursday, May 27, 2010

Redevelopment Potential of Crescent Valley Described As Huge

The redevelopment of Crescent Valley into a vibrant community will take from 20 to 25 years to complete with the initial focus on Churchill Boulevard. Deputy City Manager Andrew Beckett says there is huge potential here but admits the area is saddled with a bad reputation. Beckett says much of this will be driven by private investment and he concedes the level of interest on the part of local developers has been low thus far. Having acknowledged that, Beckett maintains the province remains keen and the initial focus will be on Churchill Boulevard. He goes on to say in order to be successful theneighbourhood will have to be populated by people from all income levels.