Quote:
Originally Posted by PostModernPrometheus
i can't really see the hq being derailed...timeline may mess up a little depending on economic conditions in the world, but keep in mind that the large oil companies (including bp) may see their profit margins shrink in the coming months, but they are not likely to go into any kind of deficit situation....hq & second refinery will go hand in hand...
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There is no way the refinery and the HQ aren't being built. From what I've been told, Irving's current refinery makes more money when crude oil prices are low, so they'll certainly be in good shape in the coming couple years.
The HQ will need a lot of work to Long Wharf though, and there is no way it will end up only costing the $30 million they quoted at the announcement. Improvements to the sea wall at Long Wharf will cost at least 4-6 million I wager, and that's not including any other costs of building one of the largest and greenest office buildings in Eastern Canada. Eider Rock's estimated cost has already jumped to nearly $10 billion, and I think we'll see proportional increases to the HQ's cost.
And to think, we still haven't heard anything about what BP plans to do about setting up offices in the city. It could be that they will just occupy the existing IOL buildings like the Golden Ball, but they may have other plans in the works as well (I'm keeping my fingers crossed for another large office development Uptown).