Quote:
Originally Posted by Bigtime
I'll hold that grudge against all 3. Encana, Matthews, and H&R REIT.
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The Skyscraper crowd seems to have this weird personal entitlement to beautiful buildings and developments being built. It's not your billions of dollars at work having to pay for all of it. What happened on the York hotel is that the BOW was greenlighted in 2005, but the South Block was always a later development decision. When that decision needed to be made the 2008 financial crisis had frozen the capital markets and almost bankrupted H&R (Encana had sold the building at that point) and they were in no place to proceed with the South Block. Then once H&R recovered the Calgary market popped in 2014 never to recover . . . Somewhere there's a warehouse with the old York hotel façade packaged away brick by itemized brick, waiting for the day . . .