Posted Jan 27, 2016, 5:47 AM
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I am the law!
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Join Date: Sep 2002
Location: Toronto+
Posts: 22,892
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Quote:
Originally Posted by Meikkhaell
I'm unsure whether or not this belongs in this forum but, despite the economic downturn,
what would the likelyhood of Calgary seeing a 1000+ ft structure proposed be in the next 10-20 years?
If I understood what I read a while back correctly, in the last economic downturn everyone thought no large structures would be built for 10+ years after that. But here we are with the Bow, EAP, Brookfield Place, Telus Sky, City Centre, etc. So in my eyes it is a possibility.
Any thoughts?
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2008 was a blip. It never really developed as a downturn here to most people's surprise. What's happening now is a very different situation. The last one was a debt bubble popping in which Canadian banks losses were manageable (to a degree) This one is directly related to oil. It still could go away as fast as the last one. I just don't share the blind optimism of others in these parts even if they guessed right the last time (although EAP 1 was still a bust for its owners)
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