WINNIPEG — Mayor Brian Bowman has called on CentreVenture Development Corp. to provide an update of the agency’s mandate governance and development processes.
The organization — the city’s arms-length downtown development agency — is to report to the Executive Policy Committee within 30 days.
“It’s critical that all policies and procedures governing city land transactions align with recommendations flowing from the audits,” Bowman said. “CentreVenture plays an important role revitalizing and developing our downtown and Winnipeggers need to be assured that the work we do through our arms-length agency is also reliable and up-to-date with the improvements we are currently undertaking.”
The city is requesting CentreVenture to provide a formal update is to ensure all processes for conducting land and real estate transactions on behalf of the city are aligned and following the same improved processes.
CentreVenture, who recently named a new CEO, was created in 1999 by city council and also markets surplus city-owned properties for sale and redevelopment.