Regina Construction III

[Nathan]

Originally Posted by North_Regina_Boy

True and last year the stadium and water treatment plant were in there.

We do know that homebuilders big time overbuilt the year before though. And was all of the treatment plant and stadium included? I thought the permits go in stages and not all is thrown in at once?

[Stormer]

Originally Posted by Nathan

We do know that homebuilders big time overbuilt the year before though. And was all of the treatment plant and stadium included? I thought the permits go in stages and not all is thrown in at once?

Very little of the stadium has been permitted so far. I counted $41 million. The sewage treatment plant is not permitted either because it is civic infrastructure or outside the City limits.

https://www.regina.ca/opencms/export/sit...announcements/_media/pdf/12-dec-2014.pdf

[North_Regina_Boy]

Originally Posted by Stormer

Very little of the stadium has been permitted so far. I counted $41 million. The sewage treatment plant is not permitted either because it is civic infrastructure or outside the City limits.

https://www.regina.ca/opencms/export/sit...announcements/_media/pdf/12-dec-2014.pdf

Oh ok, I thought the treatment plant would be in there. And yes they did overbuild...

[Udon'tknow]

Well here's the latest, lots of wishy washy language in the update, still no Hotel chain selected and a long excavation period. Maybe more of the same but who knows:



http://www.leaderpost.com/news/regina/Capital+Pointe+project+issued+permit/10716880/story.html

The most interesting part of the article is the end of it where it lists the history, this project is 6 years and counting based on my calculations..

[BrutallyDishonest]

Originally Posted by Stormer

Very little of the stadium has been permitted so far. I counted $41 million. The sewage treatment plant is not permitted either because it is civic infrastructure or outside the City limits.

https://www.regina.ca/opencms/export/sit...announcements/_media/pdf/12-dec-2014.pdf

There have been permits pulled for the treatment plant. You can see one from Graham in October for $9.6M. And it's all within the city limits now.

But if you think about it, if you remove those you have like $150M down from last year as opposed to $100M. 2015 will likely be even lower.

[UrbanClimate]

FCC Tower 2:

From the top level of Cornwall St. parkade:


From the Scarth St. pedway:


From the Hamilton St. pedway:






View from 11th Avenue pedway, looking west toward stadium. We'll get a great view of the stadium from here in a couple years.


Stadium:

[Nathan]

Originally Posted by UrbanClimate

View from 11th Avenue pedway, looking west toward stadium. We'll get a great view of the stadium from here in a couple years.

I've walked across that pedway a number of times, but never really thought to look that way much. That will indeed be an amazing view in a couple years. Thanks for pointing it out!

Also... with it being in black and white with a number of older facades... it really looks like an old picture of Regina... played with my mind a little for a second.

Thanks for the pics!

[Draftsman]

Agreed! The B&W image from the pedway made me pause for a second or two before I realized it was not a picture from decades ago. Very cool! Thanks for your photos, UrbanClimate.

[thefourthtower]

As always Urban CLimate you put on a good picture show thank you , now if CP only gets off the ground , and if a two new hotel gets announced for around the stadium lands , The Queen City will be looking mighty fine

[Drofmab]

Originally Posted by Udon'tknow

http://www.leaderpost.com/news/regina/Capital+Pointe+project+issued+permit/10716880/story.html

The most interesting part of the article is the end of it where it lists the history, this project is 6 years and counting based on my calculations..

I agree - wish we could have seem the reporter's face when the CP person said
“You know what? I'm tired of this. This project is not delayed,”

... tired of what, exactly? Trying to convince reasonable people, with reasonable memories that a project first approved 6 years ago isn't delayed? Did he not expect this assertion to prompt any reasonable journalist to fact check?

"uh - this is awkward - we have representatives on the record saying it'll be fully operational in 2012... then 2013... then 2015... what's you're current "on-schedule" prediction? And how's the Flux Capacitor R&D coming along?"

[StealthGirl]

Debate on Westerra development tonight at Council. Westerra would be next to the RCMP grounds.

http://www.cbc.ca/news/canada/saskatchew...egina-s-westerra-neighbourhood-1.2898116

Is this development needed right now? (Not asking to be sarcastic. I honestly don't know.)

[Spongebob]

Originally Posted by StealthGirl

Debate on Westerra development tonight at Council. Westerra would be next to the RCMP grounds.

http://www.cbc.ca/news/canada/saskatchew...egina-s-westerra-neighbourhood-1.2898116

Is this development needed right now? (Not asking to be sarcastic. I honestly don't know.)

Ya. With the over supply of homes on the market right now I'm not sure why any developer would want to consider this.

[North_Regina_Boy]

The commerical development is badly needed in the west end of town. It may not seem like it, but there is a lot of driving to get even small things. 4th Ave at nearly Lewvan Drive is the closest large scale Grocer. But other than that a lot of other amenities are at least a 15-25 minute drive. And the drives are getting worse each year.

[StealthGirl]

Originally Posted by Spongebob

Ya. With the over supply of homes on the market right now I'm not sure why any developer would want to consider this.

That was my thought. Indicators suggest mtg rates might go up later this year. I know they've been saying it for years, but no one thought oil would drop so low either. That will slow sales and house sales have already shifted in the last 6 months or so in Regina.

In the article, Brandt has concerns and I meant to ask before, where do they have land relative to this proposed development?

[Pfeifer80]

Originally Posted by Spongebob

Ya. With the over supply of homes on the market right now I'm not sure why any developer would want to consider this.

These developers are not thinking about today or tomorrow they are thinking five to ten years in advance.

As for the market, most of last year there were 1300-1400 houses on the market. The normal is 1000-1100. As of today there are 1044 so the oversupply has gone away and things are back to a more normal market to start this year off.

[Stormer]

Originally Posted by Pfeifer80

These developers are not thinking about today or tomorrow they are thinking five to ten years in advance.

As for the market, most of last year there were 1300-1400 houses on the market. The normal is 1000-1100. As of today there are 1044 so the oversupply has gone away and things are back to a more normal market to start this year off.

Is that new homes or all homes?

[Stormer]

Originally Posted by StealthGirl

That was my thought. Indicators suggest mtg rates might go up later this year. I know they've been saying it for years, but no one thought oil would drop so low either. That will slow sales and house sales have already shifted in the last 6 months or so in Regina.

In the article, Brandt has concerns and I meant to ask before, where do they have land relative to this proposed development?

Brandt Equipment (manufacturing plant) borders the SW end of the development.

[jigglysquishy]

Regina is overbuilt, but high growth will still happen. The CMA grew by 7100 last year and likely over 7000 again this year. These people have to live somewhere.

We might be overbuilt today, but that's likely not going to be the case as soon as fall 2015.

[StealthGirl]

Originally Posted by jigglysquishy

Regina is overbuilt, but high growth will still happen. The CMA grew by 7100 last year and likely over 7000 again this year. These people have to live somewhere.

We might be overbuilt today, but that's likely not going to be the case as soon as fall 2015.

If they approve Westerra and put it into the official plan, how soon are they looking at breaking ground? We've already got how many yet-to-build subdivisions on the plan? We'll be into fall 2015.

[Drofmab]

RM of Sherwood confesses it didn’t understand legal advice

Uh, if they didn't understand the legal advice they were getting, perhaps they should have:
- asked more questions, clarified, confirmed, etc;
- failing that, gone back to the basics... you know, that instinctive gut feeling that something doesn't seem right.

Even if everything was 100% on the up-and-up with this project, the fact that the Reeve owns almost all of the land proposed for development should have caused the RM to get at least a second opinion, and run it by Government Relations... if only to bolster the optics.

This line from the RM's press release is also weird,

"[the RM] added: “having received these opinions, Council did not fully understand the nature of the disclosure requirement when faced with multiple development agreements between the council member and a developer, which is disappointing.”"

The RM is disappointed in Council? Uh, that's kind of like the kids being disappointed in mom & dad