Cost of Winnipeg Bay store redevelopment jumps to $310M: First Nations group

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Cost of Winnipeg Bay store redevelopment jumps to $310M: First Nations group
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WINNIPEG — A First Nations-led project to redevelop the historic Hudson's Bay Co. building in downtown Winnipeg to advance reconciliation has doubled in cost nearly three years after it started.

WINNIPEG — A First Nations-led project to redevelop the historic Hudson's Bay Co. building in downtown Winnipeg to advance reconciliation has doubled in cost nearly three years after it started.

Grand Chief Jerry Daniels said the rise in cost is related to supply chain pressures, inflation and U.S. tariff threats on construction materials. He added that heritage building upgrades, structural reinforcements and energy efficiency improvements also added to the final cost. The previous Progressive Conservative provincial government committed $35 million in support, while the City of Winnipeg provided $10 million in tax breaks.

"We've been working with all levels of government and we've been sharing information about the planning and where we're at and trying to get to what makes sense for us and what's workable," he said.

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