Winnipeg | Hudson’s Bay Building | Wehwehneh Bahgahkinahgohn | U/C - Page 15

wags_in_the_peg · #**281** Posted **Apr 7, 2021, 11:46 PM**

Enough good news to ensure you vote PC (under different leader) and not NDP next election?

HBC funding and eliminating school tax!

bomberjet · #**282** Posted **Apr 8, 2021, 12:23 AM**

Not so simple. I'm not 100% up to speed on the budget. But it's a 25% reduction. The money will just come from elsewhere. Which I heard they're just reducing the tax and then borrowing money. Although I guess it's a start on education tax reform.

Also Pallister really likes that teachers have to spend their own money on materials for the school.

Wigglez · #**283** Posted **Apr 8, 2021, 12:42 AM**

Quote:

Originally Posted by bomberjet

Not so simple. I'm not 100% up to speed on the budget. But it's a 25% reduction. The money will just come from elsewhere. Which I heard they're just reducing the tax and then borrowing money. Although I guess it's a start on education tax reform.

Also Pallister really likes that teachers have to spend their own money on materials for the school.

It's some horrific developing world bullshit right there... Then again conservatism thrives in an uneducated population so I get why he's doing it...

Back on topic - Viking (or anyone), do you know if anything is in the works at all or is this announcement of 25M really how that convo starts?

pspeid · #**284** Posted **Apr 8, 2021, 1:07 AM**

Quote:

Originally Posted by T'Cona

Great news!

https://winnipeg.ctvnews.ca/i-was-el...ding-1.5378310

The Bay hasn't been closed for that long, so it's good to see this step from the province so early in the process. Hopefully we'll see other interested parties step forward soon.

trueviking · #**285** Posted **Apr 8, 2021, 5:03 AM**

Quote:

Originally Posted by wags_in_the_peg

Enough good news to ensure you vote PC (under different leader) and not NDP next election?

HBC funding and eliminating school tax!

Never have. Never will.

I don’t mind taxes. They pay for things I can’t.

I do mind them being used for dumb things like making roads bigger and such.

trueviking · #**286** Posted **Apr 8, 2021, 5:04 AM**

Quote:

Originally Posted by Wigglez

Viking (or anyone), do you know if anything is in the works at all or is this announcement of 25M really how that convo starts?

I’m fairly confident that we will hear an announcement by the end of this year. Maybe sooner with this announcement.

esquire · #**287** Posted **Apr 8, 2021, 12:33 PM**

Knowing that there are plans in the works is reassuring... redeveloping big department stores is not always the easiest thing to do, even in cities with bigger and more vibrant downtowns. Consider how the giant downtown Woodward's store in Vancouver sat empty for over a decade before anything happened with it, and even then most of it except for the oldest part was demolished. So the rate of progress we are making here strikes me as OK.

1ajs · #**288** Posted **Apr 8, 2021, 3:02 PM**

helps being across from the wag and in the zone of the ledge grounds deemed important views to protect

Ando · #**289** Posted **Apr 8, 2021, 3:50 PM**

The money is “in trust” and would only be available if funding were also provided by the feds and the city. Meanwhile, Pallister is refusing to pony up a provincial share for cost sharing the sewage plant, has failed to take up a number of other cost share efforts by the feds, and is still trying to divert transit money slated for Winnipeg to outside the city. You have to look at these kind of puff announcements in the context of the big picture, learn to spot a snake oil salesman when you see one.

T'Cona · #**290** Posted **Apr 8, 2021, 4:40 PM**

Quote:

Originally Posted by trueviking

Never have. Never will.

I don’t mind taxes. They pay for things I can’t.

I do mind them being used for dumb things like making roads bigger and such.

That is the issue many people have regarding taxes: where the money goes.

trueviking · #**291** Posted **Apr 8, 2021, 7:37 PM**

Quote:

Originally Posted by Ando

The money is “in trust” and would only be available if funding were also provided by the feds and the city. Meanwhile, Pallister is refusing to pony up a provincial share for cost sharing the sewage plant, has failed to take up a number of other cost share efforts by the feds, and is still trying to divert transit money slated for Winnipeg to outside the city. You have to look at these kind of puff announcements in the context of the big picture, learn to spot a snake oil salesman when you see one.

$1.2 million for climate change.

Only The Lonely.. · #**292** Posted **Apr 9, 2021, 2:04 AM**

It's a nice start, mind you no one sees the money unless the other levels of government come on board.

$25 mil is a drop in the bucket for the downtown Bay.

The arena that replaced the Eatons building on a greenfield site twenty years ago was $134 million.

The retrofit for a 600,000 sq ft century-old heritage protected building is probably a billion-dollar job.

blueandgoldguy · #**293** Posted **Apr 14, 2021, 9:34 PM**

A billion dollars!? That seems a little steep. I thought a refurbishment to go along with cutting out the centre of the building and replacing it with an atrium and converting the building into office/residential would be $250-$300 million total.

Would it not be feasible for a private developer to pump a few hundred million into a conversion if the province, city and federal government allocated $25 million each to the project?

Andy6 · #**294** Posted **Apr 14, 2021, 9:47 PM**

Quote:

Originally Posted by blueandgoldguy

A billion dollars!? That seems a little steep. I thought a refurbishment to go along with cutting out the centre of the building and replacing it with an atrium and converting the building into office/residential would be $250-$300 million total.

Would it not be feasible for a private developer to pump a few hundred million into a conversion if the province, city and federal government allocated $25 million each to the project?

I don't know but superficially it doesn't sound like the way to maximize ROI for a developer, vs. all the other opportunities that would be available for that type of money.

1ajs · #**295** Posted **Apr 14, 2021, 9:58 PM**

bays a 100million dallor project but if we have a hyper inflation event witch could happen then yea it will be over a billion

trueviking · #**296** Posted **Apr 15, 2021, 1:53 AM**

$150 million.

Biff · #**297** Posted **Apr 15, 2021, 1:22 PM**

^^^My thoughts were $50-$75m for the major structural work (the donut part) to get it to the point where a developer could spend a reasonable amount of money and do the residential and/or commercial renovation. I assumed the provincial government did a bit of homework, hence their $25m funding...+$25 each from the Feds and City = $75m. Developer portion $75-$100m.

drew · #**298** Posted **Apr 15, 2021, 2:04 PM**

^ structural work will be way less than that. If it eats even a 1/8 of the overall budget, that's too much.

The structure and major foundation is already intact. It would just need secondary framing to close up the perimeter of the "donut", new floor openings, clsoing existing openings, and new stairwells/elevators.

The big costs will be the new lobbies/exiting areas, suite finishes, windows, HVAC, plumbing and electrical.

bomberjet · #**299** Posted **Apr 15, 2021, 2:47 PM**

We're talking about all this stuff. Donut holes and such. Are there any actual plans at this point (beyond Pallister's $25 mil) or we're still just thinking about it?

esquire · #**300** Posted **Apr 15, 2021, 2:47 PM**

I wonder what the City's capacity even is at this point to kick in that kind of money for another project. Their books are in rough shape, and they can't run deficits. Normally it would be a no-brainer, but these are exceptionally tough circumstances. Unless the money kicks in a few years down the road once the City expects to have its finances back on track?