Politicians cut a ribbon Tuesday afternoon to officially open Whitehorse's new NVD Place mall at the former Canadian Tire location.

There aren't many tenants yet, and still a lot of vacant space to rent out at the Fourth Avenue and Ogilvie Street location but Northern Vision Development president Rich Thompson says he's happy to have the building open, at last.

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Rich Thompson, president of Northern Vision Development, says he's happy to have NVD Place open at last. (CBC)

"We're happy to finally have converted this," he said.

"We know a lot of people viewed the 'old Canadian Tire' store as an eyesore. It was a lot of money to redo the inside but we started with a fairly low price of acquisition because there was so much work to do and we haven't published the exact amount but let's just say it was more than we planned."

Although there's still a lot of work to do on the building's exterior, Robbyn's Street Grill, Klondyke Medical Centre, and the Medicine Chest pharmacy are already taking advantage of the newly-opened interior mall space.