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Winnipeg city council signs off on $20 million in support of Portage Place transformation

from Global News

Winnipeg city council signs off on $20 million in support of Portage Place transformation Global News Winnipeg’s city council approved $20 million in funding for a proposed $400 million redevelopment of Portage Place mall after a recent heated debate. “The total package equals $20 million of support,” and includes tax increment financing (TIF), Mayor Brian Bowman said of an amended motion put forward by Coun. Cindy Gilroy that would see $11.3 million in multi-year municipal property tax rebates for the project plus $8.7 million in other direct support for city amenities surrounding the property. READ MORE

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