Quote:
Originally Posted by Bigtime
Another article in the Herald about the move:
http://www.calgaryherald.com/busines...tml?id=7329308
Big emphasis on them wanting to own their space, however the article seems to completely miss the fact that IOL owns land in the CBD, and could have built down there if they wanted. No different than Encana/Cenovus, which bought the land but decided to sell the site to H&R REIT to develop and lease the entire Bow building to them. Given IOL's size they probably could have done it all on their own.
They should just come out and say "We are the odd duck company in the core and want to play by ourselves over in that corner".  |
Or maybe they ran the numbers and found quarry park to be a much cheaper and effective option. Just because they aren't participating in the new urbanist dream where anything and everything must happen downtown, doesn't mean it was an incorrect decision for their business.
I also hope you don't throw up the Bow as a prime example of wonderful building management for companies, as it's no secret that now both companies require much more space than the Bow. At the end of the day neither company will achieve their goal of having everyone in one space. Also recall that for a building concieved in 2005-2006, it's only the fall of 2012 where anyone is actually moving in and working there. But hey, at least you have a nice pretty building to photograph and look at as opposed to a suburban office park.