I'm pretty sure they are still holes. The only bar that has somewhat tried to buck the trend is the District bar, but it's still in the old Capone's building so it still really isn't too nice.Welch Ave Should be a ped-mall type area from the clock tower to Lincoln Way.
Have the bars, restaurants, or other buildings seen some improvement too? It looks nicer from Lincoln Way, and definitely has a bigger city feel now, but if the other buildings on Welch are still holes, it doesn't really change much for the students.
Anyone still on campus and frequents the area that could fill in some blanks?