General Updates and News - Page 209

cormiermax · #**4161** Posted **Jan 6, 2013, 4:17 AM**

That new Dal building looks like a mix of 60s dated cladding and faux heritage... nice (sarcasm).

Keith P. · #**4162** Posted **Jan 6, 2013, 5:17 PM**

^^^ What/where is this?

worldlyhaligonian · #**4163** Posted **Jan 6, 2013, 6:45 PM**

Quote:

Originally Posted by Keith P.

^^^ What/where is this?

I assume the first building is the one at SMU and the second one with the 60's glass is on Oxford just down and across from Sacred Heart where the NRC building is.

Dmajackson · #**4164** Posted **Jan 6, 2013, 6:54 PM**

^Exactly. Sorry I usually label the photos.

worldlyhaligonian · #**4165** Posted **Jan 6, 2013, 11:24 PM**

Quote:

Originally Posted by worldlyhaligonian

I assume the first building is the one at SMU and the second one with the 60's glass is on Oxford just down and across from Sacred Heart where the NRC building is.

I meant Armbrae. Its the dal bio ocean centre or something of that nature.

kph06 · #**4166** Posted **Jan 7, 2013, 5:00 PM**

Looks like work has begun on a new building at the Grove St. Defence Research Canada building. This building is being added along the Windmill Rd edge of the complex.

Source

cormiermax · #**4167** Posted **Jan 7, 2013, 5:05 PM**

Looks nice, very northern European.

zamboni · #**4168** Posted **Jan 9, 2013, 3:22 AM**

Lovett lake court is an office building, East Point Engineering did the mechanical on it. Job close's soon.

DigitalNinja · #**4169** Posted **Jan 9, 2013, 3:16 PM**

Someone who works for Emera told me today that they bought 5096 Terminal Rd. http://goo.gl/maps/0S5Cc

No idea what they are going to do with it though... Hopefully not a parking structure.

teddifax · #**4170** Posted **Jan 9, 2013, 3:29 PM**

It was in today's CH. Emera will be using it as the new NS Power building is at capacity.

Drybrain · #**4171** Posted **Jan 9, 2013, 3:30 PM**

Quote:

Originally Posted by DigitalNinja

Someone who works for Emera told me today that they bought 5096 Terminal Rd. http://goo.gl/maps/0S5Cc

No idea what they are going to do with it though... Hopefully not a parking structure.

Yeah. An apartment/retail structure would be good though. That building as it is has no right to front Hollis Street—totally out of place, right down to the suburban office-park landscaping out front.

scooby074 · #**4172** Posted **Jan 9, 2013, 6:50 PM**

Quote:

Originally Posted by teddifax

It was in today's CH. Emera will be using it as the new NS Power building is at capacity.

Who says NSP's management is bloated?

They filled that giant new building already? Now they have to buy additional waterfront property in Halifax???? No wonder our electricity costs are among the highest in Canada.

spaustin · #**4173** Posted **Jan 10, 2013, 1:03 AM**

Instead of buying Terminal Place, they should have built a new building on the surface parking lot across the street. NSP HQ on one side, Emera on the other and one less surface parking lot.

someone123 · #**4174** Posted **Jan 10, 2013, 3:16 AM**

NSP is regulated by the NSUARB and often they are constrained in what they can do. They had to prove that the new building was cheaper than leasing downtown, for example, and their budget was limited. They are not allowed to build whatever they like.

Hopefully NSP will now sell off their Morris Street lot.

Keith P. · #**4175** Posted **Jan 10, 2013, 11:47 AM**

You are confusing NSP with Emera.

As was said, NSP had to make a business case to the URB for the reno of the waterfront building. This purchase was made by Emera and will be used for their offices, not NSP's. Thus it was not subject to any URB review and in theory should have little to do with the rate base here.

scooby074 · #**4176** Posted **Jan 10, 2013, 4:34 PM**

Quote:

Originally Posted by Keith P.

You are confusing NSP with Emera.

As was said, NSP had to make a business case to the URB for the reno of the waterfront building. This purchase was made by Emera and will be used for their offices, not NSP's. Thus it was not subject to any URB review and in theory should have little to do with the rate base here.

NSP's profit's go to Emera.. Emera buys the new building..Ergo, NSP ratepayers are paying for at least part of this building.

If the added expense of this new building causes NSP to not meet its 9% profit, guess who will be picking up the slack? NS ratepayers.

Haligonian88 · #**4177** Posted **Jan 10, 2013, 7:10 PM**

Quote:

Originally Posted by scooby074

NSP's profit's go to Emera.. Emera buys the new building..Ergo, NSP ratepayers are paying for at least part of this building.

If the added expense of this new building causes NSP to not meet its 9% profit, guess who will be picking up the slack? NS ratepayers.

Wouldn't the added expense only affect Emera's budget, not the percentage profit generated by NSP. Sure Emera might use the profit NSP provides them with, but 9% is 9%, or whatever the number is. It shouldn't impact the ratepayers.

scooby074 · #**4178** Posted **Jan 10, 2013, 8:43 PM**

Quote:

Originally Posted by Haligonian88

Wouldn't the added expense only affect Emera's budget, not the percentage profit generated by NSP. Sure Emera might use the profit NSP provides them with, but 9% is 9%, or whatever the number is. It shouldn't impact the ratepayers.

Maybe Im a bit jaded.. maybe I'm completely wrong... but if past experience with NSP/Emera is any indication, we ratepayers in NS will end up with the short end of the stick when it comes to Emera's spending, be it directly or as the result of creative bookkeeping on Emera's part.

Keith P. · #**4179** Posted **Jan 10, 2013, 11:54 PM**

Quote:

Originally Posted by scooby074

NSP's profit's go to Emera.. Emera buys the new building..Ergo, NSP ratepayers are paying for at least part of this building.

If the added expense of this new building causes NSP to not meet its 9% profit, guess who will be picking up the slack? NS ratepayers.

Far be it for me to defend NSP in any way, but that is just bass-ackwards and totally wrong.

scooby074 · #**4180** Posted **Jan 11, 2013, 2:33 AM**

Quote:

Originally Posted by Keith P.

Far be it for me to defend NSP in any way, but that is just bass-ackwards and totally wrong.

Meh.. wouldnt be the first time I was wrong

I just know when it comes to NSP and Emera, we Nova Scotians get the shaft coming and going. I dont doubt for a minute that somehow our bills will rise, ever so slightly, to cover this new building.

They never lose money (yay, guaranteed rate of return

) and yet have a long history of waste. Look no further than the $54 million showpiece of an office building, less than a year old, that isn't even large enough to hold all their staff so now they have to buy more. Way to plan for the future Emera!!!