How expensive could land possibly be in Edmonton? I was in town last week to find a place to stay and stayed in a downtown hotel for the night. I walked the entire of downtown looking for a decent restaurant and noticed that there are a slew of boarded up buildings and a ton of vacancy all over the city. Business does not seem to be booming, it seems to be at a standstill. I don't see how a landlord owning the Q-Club location could think they somehow have the upper hand in a negotiation with a possible lease tenant, the place has been vacant for over a year and there are a slew of empty retail buildings all over the city, including alot nicer sections of town then the crappy area of Stoney Trail where the Q-Club was located.
Edmonton is looking like crap atm, that town needs to drop prices and actually promote investment and more businesses like pool halls, restaurants, and retail stores. Not to mention alot more downtown condo complexes, downtown revitalization projects, and some sweet deals to get some decent sized companies to set up shop downtown once that downtown airport is history and you can actually build a real skyscraper.
As much as it pains me to say it, due to Calgary's price point for housing and the price of downtown leasing for officespace Edmonton is in a prime position to steal some of the oil and gas business if/when they get their act together.
Right now it is clear your city is being run like crap, whoever your current municiple government is needs to either get to work or GTFO.
