The City of Winnipeg is hoping an influx of cash will help create a “complete community” in the Exchange District near Waterfront Drive.
The city launched its Exchange Waterfront Neighbourhood Development Program Thursday, a $7.8 million investment in the area that will include streetscaping like widening of sidewalks, pavement rehabilitation, improved lighting and landscaping for public use. Phase 1, which will cost about $1.9 million, is expected to be done before winter.
The program initially courted controversy after it proposed a $10,000 forgivable loan for people who moved into the area. That proposal was accepted by city council, but later overturned.
The program will also see funding for the Peg City Car Co-op Program, which will see two cars available to businesses and residents in the area.
The program is being funded by the City of Winnipeg, CentreVenture and the Province of Manitoba.