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  #7501  
Old Posted Mar 24, 2010, 4:57 AM
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Just so everyone knows the city is wanting to sell the land for its increased value to date, not the 4.5 million originally set 3 years ago. I think it's estimated at 8 or 9 million now. If Lob. and Nass. oppose this they could greatly jeopardize their chances of getting this project.
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  #7502  
Old Posted Mar 24, 2010, 5:11 AM
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Originally Posted by kgc087 View Post
Just so everyone knows the city is wanting to sell the land for its increased value to date, not the 4.5 million originally set 3 years ago. I think it's estimated at 8 or 9 million now. If Lob. and Nass. oppose this they could greatly jeopardize their chances of getting this project.
oh christ...
     
     
  #7503  
Old Posted Mar 24, 2010, 1:40 PM
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Lp

On the other hand , the city stands to loose a great development when no one else has stepped up to the plate.
     
     
  #7504  
Old Posted Mar 24, 2010, 2:45 PM
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Yeah that land isn't worth the weeds that are growing on it if no one will buy it. I'm not an expert but I have serious doubts that the value of that land has doubled in the last 3 years.
     
     
  #7505  
Old Posted Mar 24, 2010, 5:19 PM
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I just don't see the 9M figure. The city knows that a project of this size will generate a huge tax base and am sure they don't want to loose it over inflated land prices.

In my reality I can see a 30% increase which would put the original 4.5M at 5.85M. A price Lake Placid/Victory Major I'm guessing would find acceptable as they may realize some savings from today's lower construction costs.
     
     
  #7506  
Old Posted Mar 24, 2010, 5:49 PM
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"River Landing fat lady refuses to sing"

Norm Fisher has a great blog post about the whole Lake Placid matter:

http://www.teamfisher.com/river-landing-fat-lady-refuses-to-sing/
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  #7507  
Old Posted Mar 24, 2010, 8:13 PM
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Odds & Ends

BHP Billiton gets it's signage on Discovery Plaza. I'm not sure if the sign is complete or not.



Uptown Market was stocking some shelves last Sat. so opening can't be to far away.
Sorry about the bad reflection in the window.



Some more shots of Mitchell's demolition.
Yikes it looks like a war zone.


Looks like a lot of recycling going on.




* Just as a side note if your walking anywhere near the river keep your eyes open. We spotted a Bald Eagle yesterday searching along the river over downtown Saskatoon.
     
     
  #7508  
Old Posted Mar 25, 2010, 1:06 AM
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Pictures look great! I find it weird as well that the land could have doubled value, really it has no value b/c it has no improvements on it. I do think it's ridiculous and if someone is willing to build a 300 million $ project the city should be selling it to them for $1!!! Then they could spend the other 5 million on a larger embellishment in the project! Or perhaps buy the land across the way to build another restaurant by the bridge.
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  #7509  
Old Posted Mar 25, 2010, 9:04 PM
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Construction on the University of Saskatchewan that I posted in the Canada construction thread so I thought I'd put it up here as well. Sorry about photo quality, they were taken with a crappy camera through some filthy windows.







     
     
  #7510  
Old Posted Mar 25, 2010, 10:24 PM
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^ I almost drool whenever I see the campus cranes. Such a striking symbol of progress. Thanks for these.
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  #7511  
Old Posted Mar 25, 2010, 11:49 PM
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^ I almost drool whenever I see the campus cranes. Such a striking symbol of progress. Thanks for these.
And mike474 managed to get all 5 cranes in one or another of the pictures. The College Quarter residence project crane can be seen way in the distance in the shot of the Place Riel expansion. Gotta love the Arts tower for a good vantage point, if nothing else.
     
     
  #7512  
Old Posted Mar 26, 2010, 1:57 AM
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I just wish I could get on the roof.
     
     
  #7513  
Old Posted Mar 26, 2010, 5:50 AM
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Another 'Yay-sayer' in the local media (fingers still firmly crossed by moi)

Bird in hand sound option
By Gerry Klein, The StarPhoenix March 25, 2010

It won't just be Calgary-based developer Michael Lobsinger who will be breathing a sigh of relief should council decide next month to accept Karim Nasser as a white-knight saviour of Lake Placid.

Presuming any such decision from city councillors would come only on solid assurance that, this time, the proposal has enough substance to stand, a lot of people within City Hall will happy not to be sending out yet another request for proposals for the site.

After all, if Lake Placid was good enough nearly three years ago when the world refused to recognize the crisis that was headed its way, it should be good enough now that we've all peered over the abyss. Particularly when one considers that Lobsinger's was the only proposal to qualify.

To be sure, some were happy to see Lobsinger apparently unable to proceed. Some were prospective developers who figured they could step in if the city were willing to scale back its dream.

Lobsinger stepped in after Remai Ventures Inc. gave up its planned major hotel/spa development when construction costs pushed it out of practical reach.

As nice as the Lake Placid proposal is, even at an optimistically estimated cost of between $200 million and $300 million it still falls short of the kind of landmark development that for years filled artists' renderings, consultants' reports and civic dreams of what's suitable for what has oft been called "the most valuable real estate in the country."

What the project does, however, is match the criteria already set out and accepted by the civic administration when it weighed what is desirable against what's possible. And I suspect there are many at City Hall who would be relieved not to have to return to the drawing board, establish an new baseline for what's achievable -- particularly if it means adding more water to the wine -- and wait for RFPs to come back.

Their relief will be underscored by other realities. Civic officials are far more aware than most about the seriousness of the recent global economic crisis, and how fortunate Saskatoon is to have someone with continued interest in Parcel Y.

Landfills around the world are filled with artists' renderings, blueprints and plans for similar landmark developments that failed in the economic downturn. And even of those that survived, the tendency has been to scale back the original plans to those more in tune with today's economic reality.

For example, the Great Gulf Group of Companies this week revealed a replacement project for what was to be Canada's tallest residential tower -- 80 storeys housing 801 suites, including 132 hotel suites -- on the corner of Yonge and Bloor streets in downtown Toronto. Instead it will be a relatively attractive, 65-storey, mixed-use building without hotel rooms.

The developer, David Gerofsky, considers the intersection of Yonge and Bloor "not just the most important corner in (Toronto, but) probably the most important corner in the country."

In contrast, the Lake Placid development is coming back to the city more or less intact. It will have a hotel -- albeit not one with a convention centre or spa like those in the high-end of the Marriott chain -- along with condos, retail, commercial and ample open public space.

As Sandi Schultz, the city's manager of special projects, pointed out last fall: "We believe that the vision that was developed in the south downtown concept plan is still appropriate for that signature site."

There are more reasons than simple expediency for council to make a quick decision on this development. The problems Remai faced with rapidly escalating construction costs could return to Western Canada in a hurry.

This may seem strange in a city that has four construction cranes hovering over the University of Saskatchewan campus, but none downtown. But over the last number of months, investors have started to return to places such as the Alberta oilsands. Growth in China and India again is straining the world's supply of construction material.

Add to that even the imminent construction of Saskatoon's south bridge and the now-funded destination centre across the street from Parcel Y, and it isn't hard to imagine construction costs beginning to shoot up here as well.

Saskatoon has come to the brink of development on its riverbank only to be derailed by external financial forces too many times to take big risks over this proposed development.

Unless there is some strong reason to consider going in a different direction -- for example, having a credible alternative offer made public before next-month's council meeting or learning that Lake Placid's proposal is impossible -- council should take the acceptable bird in its hand already.

There will be detractors, accusations of back-room deals or favouritism, but these voices of dissent won't be silenced no matter what's built downtown. That's the cost of owning "the most valuable real estate in the country."

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  #7514  
Old Posted Mar 26, 2010, 2:12 PM
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South Bridge progress

Things are starting to move for the new south bridge. The Inter Con building is coming down and the dog park on 11th Street will soon be closed to make way for roadway changes. We can actually see something. Does anyone know what's happening on the east end of the project. Yanke Transport is in the right of way, but no knows what is happening to that location. This is a large company which has to relocate. Any word on where they may move to. I don't think the project requires any other business changes at the east end.
     
     
  #7515  
Old Posted Mar 26, 2010, 2:14 PM
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Quote:
Originally Posted by mike474 View Post
Construction on the University of Saskatchewan that I posted in the Canada construction thread so I thought I'd put it up here as well. Sorry about photo quality, they were taken with a crappy camera through some filthy windows.



[...]
Thanks for the update! Much appreciated! Go UofS!!

Last edited by Ruckus; Mar 26, 2010 at 3:28 PM. Reason: Removed photos (don't be offended). Quoting posts with all of the photos is a pet peeve of mine.
     
     
  #7516  
Old Posted Mar 26, 2010, 3:18 PM
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Originally Posted by gowest View Post
Things are starting to move for the new south bridge. The Inter Con building is coming down and the dog park on 11th Street will soon be closed to make way for roadway changes. We can actually see something. Does anyone know what's happening on the east end of the project. Yanke Transport is in the right of way, but no knows what is happening to that location. This is a large company which has to relocate. Any word on where they may move to. I don't think the project requires any other business changes at the east end.
Really?...*checks map*....makes sense.

just ignore the green text I added

City of Saskatoon - Circle Drive South Project

I thought Yanke vacated their site long ago. Most, if not all of the other sites on the east side have been cleared the last time I was in that neck of the woods (several months ago).
     
     
  #7517  
Old Posted Mar 26, 2010, 4:27 PM
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South bridge comes in $30M under budget


By David Hutton, The StarPhoenixMarch 26, 2010 11:24 AM



The final piece of the Circle Drive puzzle, imagined 99 years ago when a ring road was conceived, fell into place Thursday at a price far less than estimated.

The city's administration, in a public report, is recommending Graham Construction and Flatiron Construction Corp. be awarded the contract to build the massive Circle Drive South project, by far the most expensive public project in Saskatoon's history.

The joint bid, which came in at $224 million, is $73 million under the original $297-million budget estimate from four years ago, but that doesn't include land acquisition, consulting and demolition costs incurred by the city.

In the end, the cost is between $30 million and $40 million under budget, said Doug Drever, Circle Drive South project manager.

"We're extremely pleased with the price that we got," Drever said.

The recommendation requires city council approval at a special meeting Monday.

The two other bidders, Peter Kiewit and Sons and PCL Construction, bid $261 million and $275 million, respectively, to build the south bridge and connecting freeway, and will be reimbursed $600,000 for the cost of coming up with a design plan and cost estimate.

All three proposals were "excellent," Drever said.

The south bridge will include a pedestrian walkway under the bridge similar to the north bridge, he said.

The lower than expected bid price was primarily due to the economy, increased competition and the new design-build approach the city is test-driving for the first time, Drever said.

With the design-build approach, where competing firms come up with preliminary designs and pricing before the contract is awarded, the contractor takes the risk of cost increases under its control.

It also gives certainty on when the project is going to be completed, which remains slated for October 2012.

"To be honest, I was quite surprised by the ($224-million) number," said Coun. Gord Wyant. "We had thought it would come in under budget because construction costs had come down, so we expected it not to be quite as high as we originally budgeted. But, yeah, I was still surprised."

The huge savings raise the question whether the city is able to keep the full funds committed by other levels of government for the south bridge and, in turn, to broaden the project to include other interchanges such as Preston Avenue and Circle Drive, which has become a danger spot since the expansion of the new Stonebridge neighbourhood.

The city is examining if it is able to expand the project with the available funds, Drever said.

"We'd like to and we're working on it," he said.

The intersection of Preston and Circle is in dire need of an overpass and could be included in the project if the city is able to use the remainder of the funds, said Coun. Bob Pringle.

"Whether that allows us to do something else I don't know, but certainly I would want to make a case for that overpass," Pringle said. "It's dangerous today and as Stonebridge continues to build out, it's going to get worse.

"It's badly needed."

The meeting Monday is significant because it's something that happens only a few times in a lifetime, Wyant said.

"There's certain things that happen in a city over its history that change its face," Wyant said. "The construction of a bridge is one of those things. This will have a significant effect on the future of the city.

"It's going to change the way people move around."

[email protected]

SOUTH BRIDGE PROJECT INCLUDES:

- A bridge across the South Saskatchewan River north of the CN bridge;

- Seven kilometres of four-lane freeway leading up to the bridge; the bridge will be six lanes;

- Interchanges at Idylwyld Freeway, Lorne Avenue and Valley Road;

- Once the city's population hits 250,000, the bridge is expected to carry close to 30,000 vehicles per day;

- Benefits include an estimated 35 per cent reduction in traffic on the Senator Sid Buckwold Bridge during afternoon rush hour;

- Some truck traffic would be diverted off 22nd Street West

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  #7518  
Old Posted Mar 26, 2010, 4:38 PM
Wyku Wyku is offline
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Originally Posted by dsim249 View Post
South bridge comes in $30M under budget

All three proposals were "excellent," Drever said.
It will be interesting to see if the said "excellent" proposals will be released for public viewing.
     
     
  #7519  
Old Posted Mar 26, 2010, 4:51 PM
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Two short comments:

- I too find it absurd that the land value at RL has almost doubled in the last 3 years. Given the downturn in world economy, if anything, I would have thought the land value would have dropped in value from the heady prices of 2008??!!
- Great news that the bridge has actually come under the prelimary budget estimates. However, I read recently that the mayor described the bridge design as being "functional". Given the large investment in this mega-project, perhaps the extra 'savings' of 30 mil could be put back into the design to add some kind of aesthetic component to it. PLEASE...we don't need another circle drive bridge....boring!
     
     
  #7520  
Old Posted Mar 26, 2010, 9:18 PM
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The Place Riel crane comes down this weekend, so we are back to 4 cranes on campus come next week.
     
     
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