04-01-2009, 04:05 PM
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#2
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Franchise Player
Join Date: Oct 2005
Location: https://homestars.com/companies/2808346-keith-my-furnace-guy
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geez EnCana what happened with all the cost cutting you successfully employed over the past 3 years?
awwww too baad
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04-01-2009, 04:09 PM
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#3
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Norm!
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Wonder how many jobs thats going to cost
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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04-01-2009, 04:10 PM
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#4
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Franchise Player
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Quote:
Originally Posted by CaptainCrunch
Wonder how many jobs thats going to cost
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It's only the small 7 story building that is being deferred - and a lot of that was retail.
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04-01-2009, 04:14 PM
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#5
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Chick Magnet
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Quote:
Originally Posted by EVERLAST
geez EnCana what happened with all the cost cutting you successfully employed over the past 3 years?
awwww too baad
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Nothing to do with Encana, everything to do with H&R REIT finding $$$
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04-01-2009, 04:17 PM
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#6
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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Only problem is that they dismantled a heritage building with the promise if rebuilding it with the new building. Now who knows what will happen. They city needs to make sure stuff like this isn't allowed to happen....Calgary has lost way too many historical buildings already.
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The Following 2 Users Say Thank You to Table 5 For This Useful Post:
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04-01-2009, 04:19 PM
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#7
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First Line Centre
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Quote:
Originally Posted by Wookie
Nothing to do with Encana, everything to do with H&R REIT finding $$$
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Are you sure on that? I haven't really read up on this but I thought that Fairfax was taking care of this for H&R?
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04-01-2009, 04:21 PM
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#8
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Unfrozen Caveman Lawyer
Join Date: Oct 2002
Location: Winebar Kensington
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Gallery of CGY's tallest building going up step-by-step:
http://www.calgaryherald.com/Gallery...079/story.html
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The Following User Says Thank You to troutman For This Useful Post:
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04-01-2009, 04:23 PM
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#9
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Franchise Player
Join Date: Aug 2005
Location: Memento Mori
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In its place there will be a shanty town where former Encana employees can camp out.
__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
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04-01-2009, 04:25 PM
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#10
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Such a pretty girl!
Join Date: Jan 2004
Location: Calgary
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Quote:
Originally Posted by Shazam
In its place there will be a shanty town where former Encana employees can camp out.
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Hopefully it's not a dry camp.
edit: In case the humor is lost http://www.dailyheraldtribune.com/Ar...aspx?e=1484544
__________________
Last edited by BlackArcher101; 04-01-2009 at 08:44 PM.
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04-01-2009, 06:35 PM
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#11
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Scoring Winger
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Mr. Thomas J. Hofstedter
Chief Executive Officer, President, Trustee a...
Total Annual Compensation: C$1.4M
He's worth every penny. 
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04-01-2009, 07:34 PM
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#12
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by macker
Are you sure on that? I haven't really read up on this but I thought that Fairfax was taking care of this for H&R?
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I think that this is right, Fairfax stepped in when H&R couldn't come up with the cash initially IIRC.
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The Following User Says Thank You to Slava For This Useful Post:
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04-01-2009, 07:52 PM
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#13
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Chick Magnet
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Quote:
Originally Posted by Slava
I think that this is right, Fairfax stepped in when H&R couldn't come up with the cash initially IIRC.
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And Fairfax head guy is buddies with HR head guy from school days. There was some helping a buddy out going on there.
As well, they're getting more financing from a "non bought deal" by RBC and someone else, RBC was taking some, but only based on the success of placing the other financing. Things are far from over with the financing and if the 2nd part isn't a top priority, getting cash for the first part is!
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04-01-2009, 07:59 PM
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#14
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#1 Goaltender
Join Date: Aug 2005
Location: Calgary
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I think the key word in all of this is deferred.
__________________
GO FLAMES GO
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04-01-2009, 08:08 PM
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#15
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Franchise Player
Join Date: Oct 2002
Location: not lurking
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Bah, that seriously sucks. My wife's gallery is directly across the street from this, and we were really looking forward to having increased retail traffic in the area.
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04-01-2009, 08:11 PM
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#16
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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Quote:
Originally Posted by edn88
I think the key word in all of this is deferred.
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deferred is fancy talk for "good luck with that".
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04-01-2009, 08:14 PM
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#17
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One of the Nine
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Quote:
Originally Posted by Table 5
deferred is fancy talk for "good luck with that".
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This comment made me think of Bankers Hall. Does anyone know whether it was intentional that they were built 10 years apart or was it economically driven?
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04-01-2009, 08:17 PM
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#18
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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Quote:
Originally Posted by 4X4
This comment made me think of Bankers Hall. Does anyone know whether it was intentional that they were built 10 years apart or was it economically driven?
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Economics. I believe the first one was finished in the late 80's, right at the start of a downturn. The design that was built was actually a re-design of an earlier proposal from the early 80's (the one we got is much nicer than the original).
The main difference here is that the second Bankers Hall did not dismantle a heritage building with the promise to rebuild it, and then back out. That's basically what H&R Reit is doing. Bankers Hall had their own heritage building to deal with and they utilized it masterfully into their project.
Last edited by Table 5; 04-01-2009 at 08:21 PM.
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04-01-2009, 11:46 PM
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#19
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Voted for Kodos
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According to official reports that came out later today, "deferred" in this case just mean that the above grade portion will be started after the Main building is occupied, instead of them finishing the south block at the same time as the main building. Roughly a year to two years delay in the finish of the south block (the 7 story building).
The North Block is still full steam ahead until it's completed in 2012.
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04-01-2009, 11:54 PM
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#20
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Lifetime Suspension
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Quote:
Originally Posted by Table 5
Economics. I believe the first one was finished in the late 80's, right at the start of a downturn. The design that was built was actually a re-design of an earlier proposal from the early 80's (the one we got is much nicer than the original).
The main difference here is that the second Bankers Hall did not dismantle a heritage building with the promise to rebuild it, and then back out. That's basically what H&R Reit is doing. Bankers Hall had their own heritage building to deal with and they utilized it masterfully into their project.
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How so? I'm genuinely interested, all I see is concrete, steel and glass?
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South Bow building deffered
