A Saskatoon-based real estate developer thinks enough of the local business climate to build a $50 million office building downtown.
Tenants at what will be called the World Trade Center Saskatoon are expected to include a a mix of government agencies, non-governmental organizations and other trade-related entities associated with the World Trades Center Association (WTCA).
“The sky hasn’t fallen here,” said Don Atchison, a senior consultant at Canwest Commercial and Land Corp. and former mayor of Saskatoon.
Most forecasts are calling for GDP growth of about 2 per cent this year, which is “pretty good” considering the predictions for other jurisdictions, he said.
Precise details will be revealed in June, but the building is expected to be eight to 10 storeys high at the corner of Fourth Avenue and 22nd Street with a footprint of 120,000 square feet.
The WTCA is a business network active in nearly 100 countries.