To further answer the question, I went to the Bay downtown today at lunch. Nope, elevator is not now fixed.
Kinda sad being in there and they've already started moving most of the merchandise out. Relatively little left on the second floor at this point aside from furniture and bedding, the rest is crammed onto the main floor. Assume they shipped most of it to the Polo/St. V stores logically.
But I paid my nostalgia visit so I'm done with it now. I'm guessing it'll get absorbed by the U of W for pennies on the dollar. Hopefully they preserve the outside of the building at least.
This will probably be a pretty long post so apologies.
I'm surprised the Downtown Bay held on as long as it did. The past couple times I've been there it was basically completely empty. No customers at all. It probably should've closed when Eaton's did.
It makes sense that they would be so dead. Downtown is just not a good place for shopping now. I know there're plans for Portage Place to be revitalized but I would not be surprised if that closes in the next decade or so. Once foot traffic left downtown in the '80s, the Bay's days were unfortunately numbered. When Walmart and other American retailers came in, that was a blow to them for sure. But even if you want Bay stuff — it makes much more sense to just drive 15 minutes down the road to the Polo Bay location, where you don't have to pay for parking or fight traffic. Or just order online.
IIRC The Bay offered the third floor to the U of W for free a few years ago and they declined because it would've been too costly to renovate into classrooms. The problem is, the Bay was built in an different era. It was designed to basically be six department stores stacked on top of each other, and not much room for it to become anything else. The building literally has a value of $0. It needs new heating, plumbing, etc. and there's asbestos everywhere in the building. It costs way too much to renovate.
So that's the first problem. The next issue is with the Bay leaving there's going to be no tenants. No one will want to buy it or rent it. Some people think Staples might move there from across the street, at least then they'd be able to keep the lights on in that building, but I don't see it.
The building is protected too as a heritage site by the city of Winnipeg. Nothing can be done to the outside and IIRC it has pretty extended protection on the inside too. Any developer who wants to buy the Bay will have a lot of issues. First, even if they get the property for free, they'll have to spend millions just to get renovated. But they'll have to fight with the city over the heritage status. A lot of stuff can't be changed in the building which limits it further. Some people think condos could be an option, but again, the building wasn't really designed for it and the downtown market for condos might be oversaturated with what True North is doing along with the residential towers in Portage Place. The U of W could move there, but they can't really afford it. I think it would be neat if they put a museum about the Hudson Bay Company on one of the floors, but unless it's really good, no one will want to go see it.
So what's likely to happen is the building will get boarded up and abandoned, and just sit there for decades because it can't be torn because of it's heritage status, and no one will buy it because it costs too much to renovate.
Full disclosure, I was born long after The Bay's heyday, that store has been in decline since I was born, but I'm sad to see it go. It's a huge part of our city's history.
Also, I'm surprised Eaton's was destroyed. I know the building was ugly (I think what's saving The Bay is the unique architecture) but I personally think it was more significant than even The Bay. It was older, more successful and a bigger part of Winnipeg culture.