The revitalisation of Downtown Kingston has been a topic of discussion for several years now and while some progress has been made, there’s still a lot left to do.

The Analysts of Taking Stock with Kalilah Reynolds said the area still has massive potential, however, the revitalisation process has hit some speed bumps.

Investment Research & Sovereign Risk Analyst at JMMB Group, Leovaughni Dillion, said the impacts of higher interest rates played a significant role.

“The higher interest rate environment that we’ve endured for some time now wouldn’t have helped the situation in terms of the growth that we’ve seen in just the general construction sector,” he said.

However, with interest rates on the decline globally, Dillion said the sector and by extension, the Downtown project will pick up steam again.

“I think in the next 5 to 10 years you’re going to continue to see um some development on that front again probably not to the degree that the government would want to see but I think that

development will continue,” he added.