Quote:
Originally Posted by Rodo Regina Lover
A friend of mine in the steel business in Regina says they got another inquiry for beams from the foundation contractor for Capital Pointe. It is for 500,000lbs. of big beams, delivery is Jan. 15th from their mill. I think their last inquiry a few months back was for 900,000lbs. I can't figure out what's going with CP, they say they are going to make some sort of announcement in the next few weeks, but how many of these have we heard in the last 5 years and still no action at Albert & Victoria!!
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That would lead me to believe a potentially smaller tower, or they are hedging their bets and would add more if demand picked up when they started construction. Even if they are going with separate contractors for material it's odd that it changed. Somewhat a risky move and that second option makes me think either poor cashflow which would be a huge warning sign for me if they start building. There's been a few cities with derelict construction sites. I'd rather have nothing here than what Chicago had for a few years or North Korea had for decades. Turned out okay, but not exactly a great marketing tool.