The first attempt was made in the early 70's by a Moncton real estate lawyer who backed out when he couldn't get the financing together. Bob Lockhart was Mayor at the time with a lot of talk about the need to transform the look of the city.
Lockhart credits developer Pat Rocca for keeping the vision alive until Market Square was built. Lockhart doesn't think it has reached its potential but believes it might be on the verge of doing so. Waterfront Development wants to see a new hotel, condos and retail space developed on the Coast Guard site.
