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By Haveacow (registered) | Posted June 30, 2016 at 08:46:59 in reply to Comment 119555
@ notloyd, in 1987, I was a urban planning student attending a conference in Hamilton about the renewal of downtowns. Many people lamented that downtown Hamilton had started dying in the 50's. By the 1980's it was already dead or dying! The influx of spending around the downtown in late 1980's was a combination of federal and provincial government driven development money, focused around the new NHL Arena, the updating of Hamilton Place and the Canadian Football hall of fame. Jackson Sqaure had just absorbed a local farmers market and had to locate it an area that was originally designed for a department store that would never come. The government money was designed to spur on private development in the area. Unfortunately, very few private companies invested in building anything.
During the conference the owners of Jackson Square were already stating that, the mall was in serious financial trouble due to the need for updates in the mall's super structure and the need for more infrastructure in the services area of the mall. These important details were left out during the original construction of the mall as a cost saving measure because the builders had gone over budget and run out of money. The owners were either unable or unwilling to put in more cash themselves.
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