Regina Construction II

[tenteno2]

Originally Posted by macblaze

It Sasktel main central office or in short co that's where we do all of our tucking and switching for city center north central and other near by neighborhoods . Lines from there go to all of the sac boxes or xconnects in the area we call them f1 also the isam for city center is in there too the isam is where your Internet comes from . If the city even tried to get them to move Sasktel would tell the city where to go and how to get there really quick lol lol lol okay maybe not lol

Yes, the SaskTel building further up the block has some sensitive equipment in it, but the black building at the corner of 12th & Lorne has *windows* on the ground floor. This means it is not an integral part of the secure building. Telecom central offices do not have windows for the first 2-3 storeys, and have interesting security on the inside, particularly in places where armed conflicts are ongoing.

I'm guessing that there is more flexibility with this portion of the building than we may first assume. Though, convincing SaskTel to open up part of the building would likely be a challenging negotiation.

[cutterp]

Originally Posted by Stormer

Vale of Brazil, the world's second largest miner after BHP, has filed its proposal with MOE for its $3 billion potash mine at Kronau, just 25km from Regina. They estimate 1500 construction workers will be required when construction begins Jan.1, 2014.

http://www.environment.gov.sk.ca/2011-043ProjectProposal

Well I finally finished reading the Vale proposal as I was interested in the environmental concerns. There is quite a bit of information in the proposal about ground water run off from the mine site and I recommend reading it.

There is simply too much information to paraphrase it here but it will answer quite a few concerns.

[Stormer]

Originally Posted by DowntownRiderFan

To assume they haven't read the potash production tax regs is pretty naive. At this point (pre-feasibility) when all the variables (e.g., production, price etc.) that would go into such a model are assumed as the annual average over the life of the project there really is no need to 'model' the royalty rate as it will work out to the same rate over the life of the mine. A quick calculation shows that based on their assumed price of potash the royalty rate equals $0.057/$1.00, about the 'nickle on the dollar' that Mr. Lingefelter keeps talking about.

They will likely provide a more complex analysis/estimate during the feasibility study.

It is true that just like all the condo and office tower proposals, not all the proposed mines around Regina are likely to be built. It seems to me there are at least 4 greenfield mine projects at various stages of progress in the immediate vicinitiy of Regina. They are Vale, K+S, Rio Tinto and Western - each one has an estimated cost of $3B+. Also Mosaic has a $1B brownfield expansion on the go at Belle Plaine.

Regarding royalties, there is some good information here:

http://www.saskchamber.com/files/File/Re...oyalty%20and%20Mining%20Tax%20Regime.pdf

The Chamber says potash royalties have averaged less than 15% of sales in the last decade. There are numerous variables and it is a complex calculation. Of course with recent higher prices, that percentage is likely now much higher as one of the royalites is a very progressive profits tax. On the other hand, the producers get credits for their massive capital investments and this will keep rates lower in the short term.

Regardless, it would appear that we are in for a short term construction boom and a long term royalty boom.

[Stormer]

Originally Posted by tenteno2

Yes, the SaskTel building further up the block has some sensitive equipment in it, but the black building at the corner of 12th & Lorne has *windows* on the ground floor. This means it is not an integral part of the secure building. Telecom central offices do not have windows for the first 2-3 storeys, and have interesting security on the inside, particularly in places where armed conflicts are ongoing.

I'm guessing that there is more flexibility with this portion of the building than we may first assume. Though, convincing SaskTel to open up part of the building would likely be a challenging negotiation.

This is what it looked like when it was built in 1957:

source:http://www.sasktel.com/about-us/company-information/history/index.html

I am not sure when all the black glass was added. 1980's?

[CCF]

Originally Posted by Stormer

It is true that just like all the condo and office tower proposals, not all the proposed mines around Regina are likely to be built. It seems to me there are at least 4 greenfield mine projects at various stages of progress in the immediate vicinitiy of Regina. They are Vale, K+S, Rio Tinto and Western - each one has an estimated cost of $3B+. Also Mosaic has a $1B brownfield expansion on the go at Belle Plaine.

Regarding royalties, there is some good information here:

http://www.saskchamber.com/files/File/Re...oyalty%20and%20Mining%20Tax%20Regime.pdf

The Chamber says potash royalties have averaged less than 15% of sales in the last decade. There are numerous variables and it is a complex calculation. Of course with recent higher prices, that percentage is likely now much higher as one of the royalites is a very progressive profits tax. On the other hand, the producers get credits for their massive capital investments and this will keep rates lower in the short term.

Regardless, it would appear that we are in for a short term construction boom and a long term royalty boom.

I wonder what the employment numbers are for these sites. Either way, I'm guessing the rental market won't let up anytime soon.

[Stormer]

Originally Posted by CCF

I wonder what the employment numbers are for these sites. Either way, I'm guessing the rental market won't let up anytime soon.

About 1500 constuction workers each at peak. About 500 permanent workers each.

[BrannyMuffin]

Originally Posted by sk187

I got on as a server at Flip on Hamilton... And the space looks phenomenal. We are training and having a soft opening this week.. Come check us out when we open on Monday! It's an awesome open concept, with the bar and kitchen open to the dining area. The menu also looks fantastic.. Huge variety of wine and beer, and the food looks amazing...
Check out the pics on Facebook!!

I can't wait to check it out. It looks awesome!

[thefourthtower]

`

[Stormer]

I saw the artist painting this mural on the norht side of Flip (alley). I think it looks great. I suggested he talk to the owner of Avord Tower and suggest that some Art would be apropriate on the big blank panels on the front side.



Source: http://www.facebook.com/home.php?sk=grou.../pages/Flip-Eatery-Drink/260271133998381

[CCF]

Looks pretty good. Could use a few more pedestrians!

It's kind of funny that they painted a mural of the building on the building, no? Maybe it's just funny to me.

[TechnicalRecession]

Originally Posted by Stormer

I saw the artist painting this mural on the norht side of Flip (alley). I think it looks great. I suggested he talk to the owner of Avord Tower and suggest that some Art would be apropriate on the big blank panels on the front side.



Source: http://www.facebook.com/home.php?sk=grou.../pages/Flip-Eatery-Drink/260271133998381

That's funny I was thinking the exact same thing! The white building would make a great canvas for a colourful mural or two! The only drawback is the back alley mural would have to be updated to ensure it's an accurate reflection of the building it's replicating!

[TechnicalRecession]

Originally Posted by BrannyMuffin

I can't wait to check it out. It looks awesome!

Another business that just opened, well second location anyways, Koko in the Hotel Sask has opened it's doors and it's a swank spot. Looks like they've expanded their menu and are going to have lunchtime sandwiches to go along with all the decandent treats they sell!

[BrannyMuffin]

Originally Posted by TechnicalRecession

Another business that just opened, well second location anyways, Koko in the Hotel Sask has opened it's doors and it's a swank spot. Looks like they've expanded their menu and are going to have lunchtime sandwiches to go along with all the decandent treats they sell!

You have no idea how happy that makes me! Haha. I actually was at Koko last week to buy a birthday cake for my sister and they had two cakes left at NOON ON A WEDNESDAY! Gotta get there early I guess. I've been in love since the first day I walked in the door, haha. I don't know why but every time I go there I get the urge to watch Chocolat, lol.

[macblaze]

Originally Posted by tenteno2

Yes, the SaskTel building further up the block has some sensitive equipment in it, but the black building at the corner of 12th & Lorne has *windows* on the ground floor. This means it is not an integral part of the secure building. Telecom central offices do not have windows for the first 2-3 storeys, and have interesting security on the inside, particularly in places where armed conflicts are ongoing.

I'm guessing that there is more flexibility with this portion of the building than we may first assume. Though, convincing SaskTel to open up part of the building would likely be a challenging negotiation.

Yeah now that I think about it is further in I been in there once for work and few of the walk in once around town like the one in harbour landings .

[Treesplease]

Originally Posted by DowntownRiderFan

To assume they haven't read the potash production tax regs is pretty naive. At this point (pre-feasibility) when all the variables (e.g., production, price etc.) that would go into such a model are assumed as the annual average over the life of the project there really is no need to 'model' the royalty rate as it will work out to the same rate over the life of the mine. A quick calculation shows that based on their assumed price of potash the royalty rate equals $0.057/$1.00, about the 'nickle on the dollar' that Mr. Lingefelter keeps talking about.

They will likely provide a more complex analysis/estimate during the feasibility study.

A naive assumption such as a flat royalty tax may not be that far off if modelling a modest expansion at an existing mine, however, a new mine will be subject to a 10 yr base tax holiday and will likely pay very little profit tax for an equivalent amount of time depending on how they use depreciation. They will average out to the equivalent of a flat tax over a 40 yr time frame - but the impacts on NPV will be dramatically different.
Their analysis lacks rigour - unnecessarily - is all I'm saying.

[thefourthtower]

`

[Robk]

Just posted a Harbor Landing video on our site

http://www.liquidlight3d.com/old/liquid_video1.html

Video of proposed medium density housing on the west side of Harbor landing.

[sask1982]

Originally Posted by Robk

Just posted a Harbor Landing video on our site

http://www.liquidlight3d.com/old/liquid_video1.html

Video of proposed medium density housing on the west side of Harbor landing.

VERY cool, great job on the animation! Looking forward to seeing this project proceed.

[thefourthtower]

`

[TechnicalRecession]

Originally Posted by sask1982

VERY cool, great job on the animation! Looking forward to seeing this project proceed.

I have to say I really like the new townhouses with the garages in the back, I've never liked the look of homes with massive two car garages in the front. Creates a much nicer curb appeal without cars and larger garages dominating the look of homes, IMO..