WINNIPEG

Deadline extended for finalizing $400M True North deal for former Carlton Inn site

Jeff Keele CTV Winnipeg
Published Monday, March 30, 2015 1:03PM CST Last Updated Monday, March 30, 2015 1:08PM CST

Demolition crews tear down the Carlton Inn in downtown Winnipeg in April 2014.

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A $400-million mega-development for Downtown Winnipeg is still alive.

CTV has confirmed CentreVenture has extended a deadline with True North to finalize a deal for the former Carlton Inn site to May 15. That deal was set to expire.

True North wants to build a hotel, housing, commercial and retail towers, along with a public plaza, near the MTS Centre. The Carlton property is included in the proposal.

Winnipeg Jets Owner Mark Chipman put the deal on hold after he felt Mayor Brian Bowman was criticizing his efforts.

Bowman described CentreVenture's dealings with the property as secretive even though the Mayor had seen a video of the proposal last year.