Winnipeg Construction IX - Page 57

1ajs · #**1121** Posted **Sep 19, 2016, 3:23 AM**

Quote:

Originally Posted by buzzg

^I think someone said on here a few weeks back that there was some sort of new business moving in. Can't remember the details.

dental office

Urban recluse · #**1122** Posted **Sep 19, 2016, 4:23 AM**

138 Portage? Looks like a lot of work is being done to the whole building, perhaps I am wrong?

1ajs · #**1123** Posted **Sep 19, 2016, 6:00 AM**

Quote:

Originally Posted by Urban recluse

138 Portage? Looks like a lot of work is being done to the whole building, perhaps I am wrong?

u mean the trizak thats just a new skin

LilZebra · #**1124** Posted **Sep 19, 2016, 9:38 AM**

Quote:

Originally Posted by Urban recluse

138 Portage? Looks like a lot of work is being done to the whole building, perhaps I am wrong?

Quote:

Originally Posted by 1ajs

u mean the trizak thats just a new skin

No, 138 is Portage Ave. East...the other side of Main St.

1ajs · #**1125** Posted **Sep 19, 2016, 9:57 AM**

Quote:

Originally Posted by LilZebra

No, 138 is Portage Ave. East...the other side of Main St.

has a mix of tenits in it. was for sale for a while dunno if it sold yet
they did point work on the back side a few yrs back

Urban recluse · #**1126** Posted **Sep 19, 2016, 10:42 AM**

It looked like the back is seeing work being done in that photo, but i guess the blue sections are simply painted wood. Google Maps shows the sad state of the building.

Kirk · #**1127** Posted **Sep 19, 2016, 3:12 PM**

Quote:

Originally Posted by buzzg

Oh I thought that that whole rail yards strip was the same property.

Here are the three developments overlaid on the original "Yards at Fort Rouge" plan. Metro and Parkline are outside the plan in an area designated as "future TOD". Jubilee is the only one inside the original plan area.

Labroco · #**1128** Posted **Sep 19, 2016, 3:22 PM**

Quote:

Originally Posted by Urban recluse

It looked like the back is seeing work being done in that photo, but i guess the blue sections are simply painted wood. Google Maps shows the sad state of the building.

a

Biff · #**1129** Posted **Sep 19, 2016, 3:52 PM**

Wow, Liquor and Lotteries headquarters cancelled.

Riverman · #**1130** Posted **Sep 19, 2016, 3:54 PM**

Excellent.

Ando · #**1131** Posted **Sep 19, 2016, 3:55 PM**

Quote:

Originally Posted by Labroco

Building is being gutted now... New hotel is being built with an additional two or three storeys. Same folks who wished to build on Main Street. Hopefully this time City will approve a 30 million project down town. This is a another great news story with no city subsidy asked for by the developers. The Fortune building is still sitting there rotting away.

Have you been living under a rock? The Fortune building is in the process of being restored as we speak. There have been a number of recent articles about it and it's been discussed extensively in this forum.

BuildUpWpg · #**1132** Posted **Sep 19, 2016, 4:11 PM**

Quote:

Originally Posted by Labroco

Building is being gutted now... New hotel is being built with an additional two or three storeys. Same folks who wished to build on Main Street. Hopefully this time City will approve a 30 million project down town. This is a another great news story with no city subsidy asked for by the developers. The Fortune building is still sitting there rotting away.

What's your source regarding a hotel at 138 Portage Ave E? I can't find anything about it on the net. If it's true, I think that's a great fit for that building and the area.

TimeFadesAway · #**1133** Posted **Sep 19, 2016, 4:14 PM**

Quote:

Originally Posted by Labroco

Building is being gutted now... New hotel is being built with an additional two or three storeys. Same folks who wished to build on Main Street. Hopefully this time City will approve a 30 million project down town. This is a another great news story with no city subsidy asked for by the developers. The Fortune building is still sitting there rotting away.

Is the building being torn down outright or just completely overhauled with a couple of extra stories added?

They are currently working on the exterior of the Fortune Block
http://www.winnipegsun.com/2016/09/07/times-achanging-at-fortune-block

rrskylar · #**1134** Posted **Sep 19, 2016, 4:22 PM**

Quote:

Originally Posted by Biff

Wow, Liquor and Lotteries headquarters cancelled.

Great news, as economic sanity comes back to the halls of the Manitoba Legislature. Your kids and grandkids will say thank you in twenty-five years!

rrskylar · #**1135** Posted **Sep 19, 2016, 4:28 PM**

Further, excerpt of quote from the Sun:

“Our review concluded that the corporation’s existing office space is sufficient to meet the ongoing needs of staff,” said Polly Craik, who was appointed by the Pallister government to chair the Liquor and Lotteries board earlier this year. “We could not support spending a minimum of $75 million of public funds for a project that would see Manitoba Liquor and Lotteries operating as a commercial property developer, well outside of its core mandate.”

Previous speNDP govt. didn't have a problem spending every single tax dollar they had/didn't have on empire building to ensure all govt. buildings bursting at the seams full of mostly redundant public servants!

drew · #**1136** Posted **Sep 19, 2016, 4:50 PM**

Quote:

Originally Posted by rrskylar

Further, excerpt of quote from the Sun:

“Our review concluded that the corporation’s existing office space is sufficient to meet the ongoing needs of staff,” said Polly Craik, who was appointed by the Pallister government to chair the Liquor and Lotteries board earlier this year. “We could not support spending a minimum of $75 million of public funds for a project that would see Manitoba Liquor and Lotteries operating as a commercial property developer, well outside of its core mandate.”

Previous speNDP govt. didn't have a problem spending every single tax dollar they had/didn't have on empire building to ensure all govt. buildings bursting at the seams full of mostly redundant public servants!

Isn't it too late for that as the building was purchased?

Seems like the cancellation was based on "theoretical" cost escalations during the construction phase that would erase any cost savings of the consolidation.

I dunno - this seems like a simpleton excuse to explain this cancellation that we all know is likely 99% politically motivated. This isn't a 100 year old building. There won't be many "unknowns".

What are the LONG term ramifications of keeping the existing leased offices as compared to owning the space as originally intended? Perhaps the new L&L Board could release some actual data to prove it's point?

rrskylar · #**1137** Posted **Sep 19, 2016, 4:57 PM**

Quote:

Originally Posted by drew

Isn't it too late for that as the building was purchased?

Seems like the cancellation was based on "theoretical" cost escalations during the construction phase that would erase any cost savings of the consolidation.

I dunno - this seems like a simpleton excuse to explain this cancellation that we all know is likely 99% politically motivated. This isn't a 100 year old building. There won't be many "unknowns".

What are the LONG term ramifications of keeping the existing leased offices as compared to owning the space as originally intended? Perhaps the new L&L Board could release some actual data to prove it's point?

Come on, no way the provincial govt. should be a property developer especially with the track record of guaranteed massive cost overruns. MLLCC like every MB crown is top heavy by about 25%, start shedding staff through attrition. Until you get a handle on how many employees you really need in your organization you don't overbuild. Ask anyone in govt. how many redundant positions there are! MB HYdro, MLLCC etc. All are ridiculously management heavy.

That building can be sold as quickly as it was purchased, take a loss on the re-sale if you have to, just dump it!

drew · #**1138** Posted **Sep 19, 2016, 5:02 PM**

Quote:

Originally Posted by rrskylar

Come on, no way the provincial govt. should be a property developer especially with the track record of guaranteed massive cost overruns. MLLCC like every MB crown is top heavy by about 25%, start shedding staff through attrition. Until you get a handle on how many employees you really need in your organization you don't overbuild. Ask anyone in govt. how many redundant positions there are! MB HYdro, MLLCC etc. Are all management heavy.

That building can be sold as quickly as it was purchased, take a loss on the re-sale if you have to, just dump it!

Ok - but none of the explanation to cancelling the project that was discussed in the actual article mentioned anything above. Let's take the politics out and discuss numbers. Basing this cancellation on "possible cost overruns" is just not enough. What happens if the project comes in under budget? That is a possibility too isn't it?

Taking a loss on the building sale certainly isn't acceptable - especially if they are basing their decision to scrap the project on "cost savings".

rrskylar · #**1139** Posted **Sep 19, 2016, 5:20 PM**

Quote:

Originally Posted by drew

Ok - but none of the explanation to cancelling the project that was discussed in the actual article mentioned anything above. Let's take the politics out and discuss numbers. Basing this cancellation on "possible cost overruns" is just not enough. What happens if the project comes in under budget? That is a possibility too isn't it?

Taking a loss on the building sale certainly isn't acceptable - especially if they are basing their decision to scrap the project on "cost savings".

The retro of the building was budgeted to cost $75M, so in reality it would have been upwards of $100 M, losing $2-5M on the resale is a plus for Manitoba taxpayers.

Having govt. run liquor sales is beyond ridiculous even without the bureaucracy behind it, I travelled extensively in former Eastern Bloc countrie and saw that liquor sales were privately run as they should be in a free market economy.

Authentic_City · #**1140** Posted **Sep 19, 2016, 5:21 PM**

Quote:

Originally Posted by drew

Ok - but none of the explanation to cancelling the project that was discussed in the actual article mentioned anything above. Let's take the politics out and discuss numbers. Basing this cancellation on "possible cost overruns" is just not enough. What happens if the project comes in under budget? That is a possibility too isn't it?

Taking a loss on the building sale certainly isn't acceptable - especially if they are basing their decision to scrap the project on "cost savings".

Of course it's a political decision. "Risks of construction cost over-runs" is about as wishy-washy as it gets. So now the Provincial govt owns a mostly vacant medical office building in a downtown office market that is about to see a bunch of new space come on stream with True North Square. If they can sell the building I'm sure it will be at a loss. How is any of this rational? It's pure politics.