Edmonton Construction 12 (December 2013) - Page 442

GreenSPACE · #**8821** Posted **Jul 22, 2015, 8:36 PM**

$91-114m to general coffers to offset the arena deal. #justsayin

s13 · #**8822** Posted **Jul 22, 2015, 9:20 PM**

I was wondering how the symphony would integrate with that old brick house/office. Looks pretty good from the render. Nope can we get a few awesome projects going

DRan · #**8823** Posted **Jul 22, 2015, 11:16 PM**

KR By Me

CMD UW · #**8824** Posted **Jul 23, 2015, 1:47 AM**

Quote:

Originally Posted by DRan

KR By Me

KR is going to be one sexy tower.....veeeeery niiice.

Kevin_foster · #**8825** Posted **Jul 23, 2015, 4:10 AM**

Edmonton is cranking out some huge numbers right now. Great to hear.

This city very may well outplay the recession quite well.

Black Star · #**8826** Posted **Jul 23, 2015, 7:10 AM**

Construction is going great in Edmonton metro.

Oil & Gas however... Fab shops and manufacturing

More than a handful of my clients have their employees on work share for the last 5 months. The problem we are seeing now is there is simply no work to share!

There are many stories to tell. But its a little depressing. We are all trying to stay positive and hopeful that things will come around sooner than later.

SHOFEAR · #**8827** Posted **Jul 23, 2015, 2:17 PM**

Quote:

Originally Posted by Black Star

Construction is going great in Edmonton metro.

Oil & Gas however... Fab shops and manufacturing

More than a handful of my clients have their employees on work share for the last 5 months. The problem we are seeing now is there is simply no work to share!

There are many stories to tell. But its a little depressing. We are all trying to stay positive and hopeful that things will come around sooner than later.

I'm still busy at the moment. What is going to make a big difference is in 2006-2007 every landowner thought subdividing and servicing was their golden ticket. It caused a massive surplus of inventory. Too many serviced lots, too many spec homes, it brought down the value of everything.

That isn't happening this time. Everybody was much more cautious this time around and don't have a massive oversupply that is going to shut down everybody in the home building industry. It's a huge employer and if it stalls there's a lot of people out of work.

CMD UW · #**8828** Posted **Jul 23, 2015, 5:27 PM**

Quote:

Originally Posted by Black Star

Construction is going great in Edmonton metro.

Oil & Gas however... Fab shops and manufacturing

More than a handful of my clients have their employees on work share for the last 5 months. The problem we are seeing now is there is simply no work to share!

There are many stories to tell. But its a little depressing. We are all trying to stay positive and hopeful that things will come around sooner than later.

Without a doubt the O&G sector has taken it on the chin and I suspect the pain will continue into 2016 as oil prices stabilize. That being said this slowdown hasn't resulted in a sudden seizure such as we experienced in 2009 and in the early 80's. A year ago it was starting to resemble 2006/07 from a price escalation standpoint and low unemployment was intensifying the 'job jumpers' here and there. It will be slow, but as always things will recover. I am surprised that Edmonton is still creating jobs 5-6 months after major cuts have taken place in the O&G sector. I suspect this may taper out throughout the rest of the year, but I think we may be fortunate to weather this storm given the volume of large projects underway - Northwest upgrader, arena district, etc. I also suspect we'll see the Province take on some debt to complete some major infrastructure projects from hospitals to highways over the coming years.

Makenosmallplans · #**8829** Posted **Jul 23, 2015, 5:29 PM**

Quote:

Originally Posted by CMD UW

Without a doubt the O&G sector has taken it on the chin and I suspect the pain will continue into 2016 as oil prices stabilize. That being said this slowdown hasn't resulted in a sudden seizure such as we experienced in 2009 and in the early 80's. A year ago it was starting to resemble 2006/07 from a price escalation standpoint and low unemployment was intensifying the 'job jumpers' here and there. It will be slow, but as always things will recover. I am still surprised that Edmonton is still creating jobs 5-6 months after major cuts have take place in the O&G sector. I suspect this may taper out throughout the rest of the year, but I think we may be fortunate to weather this storm given the volume of large projects underway - Northwest upgrader, arena district, etc. I also suspect we'll see the Province take on some debt to complete some major infrastructure projects from hospitals to highways.

Totally agree.

Coldrsx · #**8830** Posted **Jul 23, 2015, 5:30 PM**

Build a city, not just projects

http://www.planningreport.com/2015/07/13...tizes-building-city-rather-just-projects

MalcolmTucker · #**8831** Posted **Jul 23, 2015, 5:50 PM**

Quote:

Originally Posted by Makenosmallplans

Totally agree.

Yeah. Will take a few years to get projects like the Royal Alex off the ground though. Should see ground break in three years on that, and within 5 years on a replacement/move for the Mis. Depending on the scope on work each project could range from $1 to $3 billion.

Hard to accelerate things when planning after service definition can easily take two years.

s13 · #**8832** Posted **Jul 23, 2015, 6:48 PM**

^ Will be interesting to see. Anyone ever hear on that $3B health diagnostic contract with AHS, that the Austrailian company won? Is there a need to build something with that?

Oil I fear will be in the toilet for a long time, it looks very similar to what happened to Natural Gas in 07 when the prices plummeted (due to shale drilling in the marcellus play in the US, etc). Just simply to much oversupply, prices still have not rebounded almost a decade later.

MalcolmTucker · #**8833** Posted **Jul 23, 2015, 7:13 PM**

^ cbc:

Quote:

massive lab contract backs ndp into privatization corner
ndp on verge of awarding contract that would expand privatization of lab services

a looming deadline for a $3-billion contract for medical lab services in the edmonton area is pushing the ndp into a corner when it comes to public versus private health care in alberta.
...
Dynalife appealed the decision, forcing ahs to appoint a panel to review whether the 15-year contract had been awarded fairly.

Alberta health services ceo vickie kaminski is reviewing the recommendations of the appeal panel, according to spokesman kerry williamson.
...
Alberta's new health minister, sarah hoffman, said the decision on what happens next with the contract is up to alberta health services, though she is being regularly updated.

Jaws · #**8834** Posted **Jul 23, 2015, 7:53 PM**

Quote:

Originally Posted by s13

^ Will be interesting to see. Anyone ever hear on that $3B health diagnostic contract with AHS, that the Austrailian company won? Is there a need to build something with that?

Oil I fear will be in the toilet for a long time, it looks very similar to what happened to Natural Gas in 07 when the prices plummeted (due to shale drilling in the marcellus play in the US, etc). Just simply to much oversupply, prices still have not rebounded almost a decade later.

Yup, 2005 and 2006 were great years, then 2007 came

Gas prices won't rebound until we get some LNG plants going.
From my perspective '15 has not been as bad as '09, however the problem with oil prices seems to lie within the industry (global competition/pipeline capacity) as opposed to demand. At least with the '09 hit, it was caused be global recession and we could see that we'd come out of it and things would improve and 2010 turned out to be a decent year. I can't see any signs of improvement yet.

Black Star · #**8835** Posted **Jul 23, 2015, 9:55 PM**

2009 for us and the 77 O&G businesses that we deal with was not as bad as it is now. No bankruptcies or major layoffs in 2009.

2015.....

I know of at least 6 O&G companies large to mid size that are closing consolidating or moving to china or mexico.

Never mind the smaller O&G fab or machining shops. There are real concerns of the viability of staying open when you only get one job come through your doors a week. When the average would be 8 to 10 jobs being worked on at a time per week.

SHOFEAR · #**8836** Posted **Jul 24, 2015, 1:53 PM**

Heard a rather amusing story from bridge engineer the other day....they no longer have do deal with studies and inspections after bridges have been hit by large trucks....All of the trucking companies have laid off all the shitty drivers and these collisions have disappeared...Something to be said about the benefits of not having 3% unemployment....

Landlocked · #**8837** Posted **Jul 24, 2015, 2:15 PM**

Quote:

Originally Posted by SHOFEAR

Heard a rather amusing story from bridge engineer the other day....they no longer have do deal with studies and inspections after bridges have been hit by large trucks....All of the trucking companies have laid off all the shitty drivers and these collisions have disappeared...Something to be said about the benefits of not having 3% unemployment....

Why aren't there hanging bars 30 meters back from 'problem' bridges that are hinged and linked to flashing lights that warn truckers that their load hits the bar and is deemed too high to enter the bridge? We live in a world where technology has to think for the stupid people (removal of left turn on solid greens, right turn on reds,...). How is this different?

Coldrsx · #**8838** Posted **Jul 24, 2015, 2:23 PM**

Please retain, thank you kindly.

http://www.edmontonsun.com/2015/07/24/jones-city-of-edmonton-losing-its-grip-on-baseball-stadium

Hallsy's Toupee · #**8839** Posted **Jul 24, 2015, 2:58 PM**

Fort Road's Station Pointe development lost in the weeds
http://www.edmontonjournal.com/Fort+Road+development+lost+weeds/11239691/story.html

Quote:

EDMONTON - High hopes for the desolate fields in Fort Road’s Station Pointe development have again been dashed.

Communitas, a co-op developer once on the cusp of building a $69-million, 210-unit complex, has officially pulled out of a land sales contract with the city, leaving behind pretty sidewalks and not much else.

“It’s an embarrassment, another embarrassment for the city,” said Coun. Ed Gibbons, who has been lobbying for development of the land since he was elected MLA in 1997.

“It’s a disappointment for people who live in that area,” he said. “It was a waste of time holding up the land.”

Coldrsx · #**8840** Posted **Jul 24, 2015, 3:03 PM**

That's really too bad for Communitas' plan was nice. That said, wrong proposal in the wrong area. Swap that for Blatchford and put some 4 storey stick like we are seeing on 116st there.