City council has narrowly approved a $20-million package of incentives to assist a $400-million renovation of Portage Place by Toronto-area developer Starlight Investments. Starlight made a conditional $69.9-million offer for the mall, which opened in 1987 as part of a downtown Winnipeg redevelopment megaproject. Starlight requested $60 million from three levels of government in capital funding for the project. Her layover effort failed after Mayor Brian Bowman noted the due diligence period on the Portage Place sale expires on Aug. 27. Shawn Nason (Transcona) then tried and failed to delay the motion to a special meeting of council on Aug. 12.

Source: CBC News July 23, 2020 16:30 UTC