Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 19, 1998, Winnipeg, Manitoba Forks North Portage should Lead Core restoration task Force report says downtown a Saviours should be United by David of Arlen qty Hall reporter Host of downtown development agencies should be put under the umbrella of the Forks North Portage partnership to shape Winnipeg a City Centre for the next Century a task Force says. A new Public private partnership funded with a War Chest of capital to Spur growth should be created by Selling assets such As the Forks Market vacant Forks land a strip of land from Colony Street to Carlton Street on the North Side of Portage the Max theatre and other parcels of land. Today they have an estimated value of about $80 million. The recommendations were produced by a group of prominent businessmen and officials charged earlier this year with creating an organizational Structure to develop and revitalize Omni Peg a downtown. A the health and economic vitality of downtown Winnipeg is important not just for those who live and work in downtown Winnipeg but for the vitality of the entire City a residents a the report states. A the same principle also holds True for the after looking at various private and Public sector groups the task Force found that Only Forks North Portage has the human and financial resources to provide the leadership needed to carry out the comprehensive plan. A Oliie most reasonable effective approach is the restructuring of tie Forks North Portage partnership and re engineering the organization to become the new downtown Winnipeg planning and development authority or downtown Winnipeg inc a the report states. A revenues coming to the co pro ration from exist my land leases and Sale of assets will fund the new organization along with Public sector contributions when and if former workers take step to buy Dominion Bridge group finds ally in Crocus fund As it looks to buy bankrupt Plant flee press file photo Forks Market should be sold to help the Core a new report says. Wrong Way a 18 its not Clear from the report if the partnerships would be expanded or if the organization would be dissolved and replaced with a new downtown authority. Nor does the report explain How the transition might occur and it has no new ideas on redeveloping the downtown saying merely that it endorses the ideas of Centre plan the group that has worked on a vision for the Core. Received $95,000 the task Force was formed earlier this year by win Peg 2000 the City a economic development Agency. It received $95,000 from the Winnipeg development agreement a tripartite pact to provide recommendations on How to Structure a downtown authority that would have the Power and Means to convert Good ideas into Concrete action. Right now More than seven groups have shown a interest in redeveloping parts of downtown. But while they have been Rich in ideas they Haven to had the Money or the authority to make things happen John Loe Wen head of the task Force refused to comment on the report saying it was Only preliminary. He said a final report would be out later this fall. Critics of the report say it was poorly written and conceived. A downtown businessman said the Forks partnership should be wound Down before a new downtown authority is created. A otherwise the new group will be stuck with All these assets and All this work a said the businessman who asked not to be named. A a they la spend All their time dealing with old issues ins Tead of working on new the partnership was created about 15 years ago to redevelop the North Side of Portage but its mandate was eventually expanded to include the Forks. Kent Smith partners nip chairman said he had not seen the draft report but he was open to change. A a we re certainly interested in downtown revitalization a he said. A if people believe our mandate needs to be changed Well we re open to All the partnership is owned by the three Levels of Golem ment and its mandate requires it to be self financing which it achieves through land leases and the Sale of assets. By Tracy Tjaden for the free press new drug fights pain special a pro duct that has provided pain Relief for millions of . Consumers has now been made available in Canada. Arthur itis has proven to be effective in the treatment of pain due to debilitating conditions such As arthritis bursitis rheumatism joint and muscle aches backache and More. Through its dual action formulation Arthur itis offers a Mew alternative for the millions of canadians affected by arthritis and seeking new products to relieve pain thus enl syncing mobility and flexibility. Arthur itis is a unique and effective combination of two proven ingredients which work together to provide fast act Itig Long tasting pain Relief when used As directed Arthur itis becomes a significant part of a daily pain management program. Arthur itis is an odourless greaseless non staining Cream available immediately without a prescription and offers a Money Back guarantee. Arthur itis is now available Only in pharmacies use Only As directed. A Onyn health products inc. Mississauga on a group of former Dominion Bridge yees and managers took the first step yesterday in a strategy that could see them try to buy the bankrupt Plant sometime in the next four weeks. And the employees and managers have garnered the support of the Crocus investment fund. Crocus president James Umlah met with a handful of former Dominion Bridge workers and managers yesterday a morning to Iron out the details of a strategy to examine the plants profitability and come up with an offering Price. A this division was and could be very profitable and we would be Happy to enter into an agreement if the facts Bear that out a said u blah. A this is a top priority for the Winnipeg plants debt Ridden Parent company a Lachine based Dominion Bridge inc. A declared bankruptcy last week throwing 789 employees out of work. The Winnipeg Plant has been in business since 1906.the first step is to see if the employee groups plan for the Plant would turn enough of a profit to make it a Good investment for Crocus u blah said. Over the next two to four weeks Crocus will embark on a business analysis he added. A a we re going ahead with a review to determine if the operation is viable and to reach an agreeable Price a Umlah said. Meanwhile the employee management group will Hue Consi Tants to Start work on their own business plan. A we came out of the meeting very this division was and could be very profitable and we would be Happy to enter into an agreement if the facts Bear that positive and feeling quite excited Crocus is available to us if w e come up with a Good business plan a said Wayne Zajac former general manager of Dominion Bridge. A this is a step in the right direction. We think Dominion Bridge is a viable business in Winnipeg and we would like to see it the employee management group will meet with provincial government representatives monday to talk about the Deal. The provinces Industry Trade and tourism Branch has said it will pro a a vide guidance and assistance Zajac said adding the first matter on the Agenda monday will be setting up a Board of directors and incorporating the employee management group. If both indicate the Deal would turn a healthy profit Umlah said the Plant could be Back in operation within 30 to 60 Days. Umlah said crocuses study will investigate any potential environmental liabilities of the Plant such As Oil spills or storage of contaminated material. A a in a not saying that a the Case but that a Standard for purchasing any manufacturing the feasibility study will also determine How much new investment is needed to keep the Plant running Over the Long term. If the Deal flies All 221 jobs lost w Hen the Plant closed will be replaced Umlah said. The Crocus investment fund one of Manitoba a labour sponsored venture capital funds has assets of Over $9 0 million. Financing would also include a share offering to employees. Or. Irv Katz of the East Kildo iian Kelvin dental group 807 Henderson Hwy. Would like to inform his patients that his office hours Are now from monday thursday. 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