Development Derailed
Max Foran
In June of 1962, the Canadian Pacific Railway announced a proposalto redevelop part of its reserved land in the heart of downtownCalgary. In an effort to bolster its waning revenues and to redefineits urban presence, the CPR proposed a multimillion dollar developmentproject that included retail, office, and convention facilities, alongwith a major transportation centre. With visions of enhanced taxrevenues, increased land values, and new investment opportunities,Calgary’s political and business leaders greeted the proposalwith excitement. Over the following year, the scope of the projectexpanded, growing to a scale never before seen in Canada. The plan tookofficial form through an agreement between ... Read more
What, in economic terms, was perceived to be a win-win situation forboth parties fell prey to a conflict between corporate rigidity and anunorganized, ill-informed, and over-enthusiastic civic administrationand city council. Drawing on the private records of Rod Sykes, theCPR’s onsite negotiator and later Calgary’s mayor, Foranunravels the fascinating story of how politics ultimately underminedpromise.
Show LessProduct Details
About Max Foran
Reviews for Development Derailed