02-06-2023, 05:13 PM
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#561
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My face is a bum!
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Quote:
Originally Posted by Torture
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“We do know that time is of the essence, also we’re working with cost escalations. So, you know, projects, the sooner they happen, the better, when it comes to time and money.”
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Nothing like artificial time pressures to make sure we get the right deal!
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Lol. No kidding. Because costs will clearly just get relatively higher and higher forever, and in the near future no one will be able to afford anything ever again. There may never be another new arena anywhere!
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02-06-2023, 05:19 PM
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#562
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Powerplay Quarterback
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Quote:
Originally Posted by Ashartus
I've heard rumours of a deal made by Domtar with the government but never seen anything tangible to support that. Just excuses that they don't operate in Alberta anymore and refuse to pay which seems pretty thin to me. Though just like a lot of old mines there's some convulted corporate acquisition history too.
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City bought the land, and in reclamation the damage goes with the sale, so the city is responsible. Good article from years ago.
https://calgaryherald.com/news/local...-cleanup-costs
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02-06-2023, 05:54 PM
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#563
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First Line Centre
Join Date: Mar 2007
Location: Calgary
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Quote:
Originally Posted by Beatle17
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Not always, a smart buyer in circumstances like this would address environmental liability in the purchase contract but it seems the Bronconnier era council was not a smart buyer. Technically the Environmental Protection and Enhancement Act allows the province to go after previous owners and other responsibilities too but if the purchase included assuming the environmental liability then that would probably be challenged in court.
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02-06-2023, 06:02 PM
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#564
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Powerplay Quarterback
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Quote:
Originally Posted by Ashartus
Not always, a smart buyer in circumstances like this would address environmental liability in the purchase contract but it seems the Bronconnier era council was not a smart buyer. Technically the Environmental Protection and Enhancement Act allows the province to go after previous owners and other responsibilities too but if the purchase included assuming the environmental liability then that would probably be challenged in court.
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Correct, but the city at the time didn't listen and just bought the land outright.
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02-07-2023, 07:52 AM
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#565
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Lifetime Suspension
Join Date: Jul 2012
Location: North America
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02-07-2023, 08:00 AM
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#566
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Franchise Player
Join Date: Feb 2011
Location: Somewhere down the crazy river.
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Danielle Smith knows what it takes to calm and appease the peasants.
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02-07-2023, 09:11 AM
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#567
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Scoring Winger
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Quote:
Originally Posted by Beatle17
Correct, but the city at the time didn't listen and just bought the land outright.
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That land was never going to be cheaper than when they bought it
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02-07-2023, 09:23 AM
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#568
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Franchise Player
Join Date: Aug 2005
Location: Memento Mori
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Quote:
Originally Posted by The Fisher Account
That land was never going to be cheaper than when they bought it
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Mark Twain is that you?
__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
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02-07-2023, 09:24 AM
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#569
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Franchise Player
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Quote:
Originally Posted by Ashartus
Not always, a smart buyer in circumstances like this would address environmental liability in the purchase contract but it seems the Bronconnier era council was not a smart buyer. Technically the Environmental Protection and Enhancement Act allows the province to go after previous owners and other responsibilities too but if the purchase included assuming the environmental liability then that would probably be challenged in court.
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Are you sure that the price paid for the land didn't include the fact that there was reclamation costs associated with it? The city might have got the land for significantly cheaper than market because they agreed to deal with the environmental. Sounds like you're speculating and really have no idea if the city was smart here or not.
__________________
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02-07-2023, 09:28 AM
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#570
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Franchise Player
Join Date: Aug 2005
Location: Memento Mori
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Quote:
Originally Posted by corporatejay
Are you sure that the price paid for the land didn't include the fact that there was reclamation costs associated with it? The city might have got the land for significantly cheaper than market because they agreed to deal with the environmental. Sounds like you're speculating and really have no idea if the city was smart here or not.
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Well according to that article reclamation costs could be as high as $300 million, so is the land worth $340 million? I'll let you decide.
__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
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02-07-2023, 10:14 AM
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#571
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Powerplay Quarterback
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Quote:
Originally Posted by The Fisher Account
That land was never going to be cheaper than when they bought it
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Correct and that was because the city assumed the reclamation costs. This has been going on since at least 1980 and the city knows this.
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02-07-2023, 10:23 AM
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#572
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Franchise Player
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Quote:
Originally Posted by Beatle17
Correct and that was because the city assumed the reclamation costs. This has been going on since at least 1980 and the city knows this.
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Citation needed. It may play out that way to some degree, but the province/feds are more likely to cover the bulk since this failure was their jurisdiction.
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02-07-2023, 10:31 AM
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#573
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First Line Centre
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Quote:
Originally Posted by Beatle17
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That's not how polluter pays legislation works in Alberta though. Think Lynview Ridge, that land was sold multiple times and the liability still fell back to Imperial.
The AER excuse about Domtar not being in Alberta anymore has to be total BS.
Someone posted about a deal between the government and Domtar that is not public. Sounds super shady but would kind of explain it. Not sure how you would keep that quiet though.
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02-07-2023, 12:10 PM
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#574
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by Locke
NextCalgaryNext
This time rendered in MS Paint.
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It's gonna blow your socks off!
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02-07-2023, 12:17 PM
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#575
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by Slava
It's gonna blow your socks off!
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This time!!
Well...the last one certainly did. Just not in a good way.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
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If you thought this season would have a happy ending, you haven't been paying attention.
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02-07-2023, 12:29 PM
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#576
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Franchise Player
Join Date: Feb 2011
Location: Somewhere down the crazy river.
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Aye, it shall blow somethin’ fierce.
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02-07-2023, 12:30 PM
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#577
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Franchise Player
Join Date: Feb 2010
Location: Park Hyatt Tokyo
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Quote:
Originally Posted by Slava
It's gonna blow your socks off!
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What they really meant was it looked like McDavid's socks.
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02-07-2023, 01:05 PM
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#578
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Crash and Bang Winger
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Quote:
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Not always, a smart buyer in circumstances like this would address environmental liability in the purchase contract but it seems the Bronconnier era council was not a smart buyer. Technically the Environmental Protection and Enhancement Act allows the province to go after previous owners and other responsibilities too but if the purchase included assuming the environmental liability then that would probably be challenged in court.
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Conversely, a smart vendor would want to wash their hands of any ongoing environmental liability; the purchase price would reflect the ultimate arrangement regarding environmental liability.
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02-07-2023, 01:12 PM
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#579
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Franchise Player
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Quote:
Originally Posted by Locke
NextCalgaryNext
This time rendered in MS Paint.
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Well it's not going to work out with GoneDack with her 10 votes on council!
Thanks Jody...
__________________
Peter12 "I'm no Trump fan but he is smarter than most if not everyone in this thread. ”
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02-07-2023, 01:13 PM
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#580
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by Wormius
Aye, it shall blow somethin’ fierce.
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Which is really funny because, havent they been at this since something like 2008?
If someone gave me a cheque and a framework I could probably at least bang out some sort of rough concept over a weekend that wouldnt look like Homer Simpson's 'Car of the Future.'
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
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