Quote:
Originally Posted by Caged Great
Stupid Bronco. Approving too many buildings to fast. Now there's going to be many holes in the ground for a long time.
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I don't agree with all of Bronco's decision,
and yeah, he made all the building approvals himself from his evil throne, nobody else is involved, but I can't see how he's responsible for this or the Midtown condo project. Or do you think he should have magically been able to predict the current economic situation? If so, you give him far too much credit. Guess you should vilify the Canmore mayor too for approving the Solara project and the other condo projects out there.
Of all the projects in the city this is the one which would get an automatic approval. It's a signature project for our city which can be a new icon for the future and be the new standard for the other buildings to aspire to.
Also it's not Bronco's decision for the builder to build. The City grants permission to build on a site however they don't tell the builders when to start. Economics tells the builders when they think the time is right. There are a number of building sites which had signs up for years before they actually broke ground. I recall an article in Calgary Business maybe 18 months ago which stated based on the growth of the city, even if every building project downtown started now, the amount of sq footage added would just keep up with demand. That's an economic forecast which would make any builder kick start their project let alone kick start one where you have a major tenant who will basically fill the entire building once it's done. EnCana is, I think, spread out over what, at least 3 buildings downtown? Their current tower, Palliser square, Canada Trust Tower. That would make me want to start the project.
It's unfortunate some of these projects are having issues or have had to stop, but I can't see how this is laid solely at the feet of Bronco.