Comment 59727

By Mogadon Megalodon (anonymous) | Posted February 14, 2011 at 08:41:20

Look who's a two-way proponent!

Converting Caroline Street to two-way traffic in downtown Hamilton is the linch-pin to the development of a $100-million downtown development, says a prominent local developer.

Darko Vranich, president and chief executive officer of Vrancor Group, said the city needs to convert the current one-way traffic along Caroline Street to two-way to make his proposed residential and commercial development from Bay to Caroline streets work.

“Two-way on Caroline is key to the development,” said Vranich.

The proposed scheme includes building three 25-storey towers for residential and possibly senior condominiums, and two hotels. Vranich said he could begin construction on the hotel at George and Caroline streets within six months.

“I’m ready to go,” said Vranich. “I’m looking forward to working with the city staff and planning committee.”

He said there will be 800 underground parking spaces, and along George Street there will be commercial spaces. But to make the development work, he said, people must be able to drive along Caroline from Main Street to get to George Street. He said if all goes well, the development could be completed within five years.

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