DudeWhereIsMakar
Originator of the username
The Portage Place mall itself isn't a big enough site for a new arena. You'd have to tear down a lot of other stuff - like the old Winnipeg Free Press building (now MB Health), the Place Promenade apartment towers, the former IBM building on Ellice, or the YMCA if you were going to build on the west side of the lot.
If you demolished 1) the mall, 2) the WFP/MB Health building, 3) the IBM building, 4) the easternmost Place Promenade tower, then you'd have an ok spot...
I think they'd close most of that, just maybe move the Promenade tower. The old Isbister School will probably get torn down as some schools it could move into a different location.
Would also be cool to see the arena be near Portage and Osbourne. Would say the Bay, but that is a landmark of Winnipeg.