BCBusiness

October 2024 – Return of the Jedi?

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

Issue link: http://digital.canadawide.com/i/1526186

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17 B C B U S I N E S S . C A O C T O B E R 2 0 24 HOBBY Between hobbies, currently considering a return to pottery PET PEEVE Texting during meetings GUILTY PLEASURE Rainy day re-runs of Virgin River FIRST JOB Server at Pizza Hut MOST MEMORABLE CONCERT Zac Brown Band at the Gorge in Washington State IF I HAD A SUPERPOWER IT WOULD BE... Resilience FAVOURITE PLACE IN B.C. Tofino LAST BOOK I READ A Confederacy of Dunces by John Kennedy Toole QUICK HITS general Niki Sharma and public safety minister Mike Farnworth. We're pushing for systemic and measurable change in our district. As you can imagine, it's a heavy task, but it's so important. You mentioned Granville Street. When I was growing up, we used to go down there all the time. It was a thriving strip with all kinds of businesses. You walk down now and there are empty storefronts all around. What can you do there? Why wouldn't a prospective business owner go to Mount Pleasant or somewhere else? Let's talk about storefront vacancies, since you brought it up. The storefront vacancy rate in Vancouver is 11.1 percent. In Down- town Vancouver, it's 13.7 percent. On Gran- ville Street, 22 percent. That's one in five storefronts that sit empty. Pretty high. Yeah. But one of the things I've been so deeply impressed with about our business owners on Granville Street is their strong desire to be on and remain on Granville Street. They choose their location care- fully, as all business owners do. Making that choice to come in on Granville Street was a decision they didn't make lightly. I've been impressed with how deeply committed they are to the street. And how they want to stay on that street. We have another group, the Granville Stakeholder Committee, that meets regularly. They come together and talk about issues and solutions for Granville Street. They're so tenacious, so committed, and are realists who have to lean optimis- tic. That's my assessment of them. Do they have reason to lean to that optimistic side? Well, a great deal of trust has been put in the city around the [city's Granville Street plan that seeks to revitalize the area. Phase one of the plan was centred on public feed- back and recently closed.] We all see the Granville plan as an opportunity to get that street back on track and turn it around. So why would business owners set up on Granville Street and not Mount Pleasant? Because they want to be there and they believe in the street. Who are some of those business owners that have impressed you? I don't like to name just one because there are so many that we talk to all the time. But Tom Lee Music—my conversations with them are a key reason why the Downtown Safety Task Force got off the ground. It's an iconic business on an iconic street. When [they called] and I had that conversation… it wasn't that different from many of the other conversations that took place, it's just that they were all happening at the same time and that one call was like, okay, we have to get these people together. We're all wanting the same thing. Nordstrom leaving the region has left a bit of a hole in the middle of downtown. What was the day like when you found out that news, and what do you anticipate will fill the space eventually? Well, I remember where I was. I was sitting in that chair right beside you. We were in a meeting with a stakeholder group and all of a sudden everyone's phones start going off. Within half an hour we had media lined up waiting to talk to us. It was such a tough day. You have to remember that while Nordstrom wasn't performing well across Canada, the Downtown Vancouver loca- tion was doing well, outperforming some of their other flagship stores in the U.S. So I'm hoping that narrative is out there for other organizations and businesses that are thinking of coming in. As for what's coming in, I can't speak to it, but I know the folks at Cadillac Fairview are working so hard to find the right tenant. You're from Pennsylvania originally but you've been in Vancouver for almost 25 years. You're obviously passionate about the city. What sparked that? I grew up in a town that was a dot on the map. And I was obsessed with cities; I just knew that I would live in a city someday. I was living in Ithaca, New York, when my then-husband came home from work one day and said that his company was selling to a Canadian company based in Burnaby. So we came here on a six-month transition contract and I've been here ever since. He went his separate way and isn't in Van- couver anymore but I just love it. Love the energy, the mountains, how it's all tightly packed together.

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