The president of the Winnipeg Jets said True North still needs a signal of trust from the mayor before a proposed $400 million development in the city's downtown can proceed.
Jim Ludlow said, while he is hopeful and encouraged about the prospects of True North Square, there are no guarantees it will ever happen.
Ludlow said True North is still working behind the scenes to see if the numbers add up for such a project and he said they still need some assurances from Brian Bowman.
“We need a better feeling...the entire community, the development community, our organization, probably CentreVenture - need to have a better feeling about confidence, about security, about the ability to move forward with some degree of comfort,” said Ludlow.
True North owner Mark Chipman put the project on hold after Bowman criticized how the deal came about with CentreVenture.
Ludlow made the comments following CentreVenture's annual general meeting.
A two-page spread on CentreVenture's presentation showed a picture of True North Square with a heading: "The Future."
CentreVenture posted a million dollar loss last year, mainly because of its purchase and demolition of the Carlton Inn site that still sits empty.
That lot is part of the True North proposal.
