Building on the assets of the MTS Centre and the expanded RBC Convention Centre, CentreVenture, the city and provincial governments, other downtown agencies, and the private sector have established the Sports, Hospitality and Entertainment District (The SHED) as a focal point along Portage Avenue.
The area encompasses 11-blocks, and is undergoing a significant transformation into a vibrant, urban mixed-use district which capitalizes on the increasing sports, hospitality and entertainment venues in the area. Over the long-term, the aim is that the increased activity and investment generated within The District begins to radiate outwards to spur new development, redevelopment and investment in new businesses and retailers in adjacent areas.
CentreVenture is able to finance public realm enhancements in the SHED thanks to The City of Winnipeg and The Province of Manitoba through their provision of TIF (tax increment financing). The incremental property taxes from new development projects in the District are being reinvested back in the District through the use of TIF.