Quote:
Originally Posted by Mike Wilhelm
I'm being a devil's advocate - you are probably right. It's a question of when. The recession may be longer than people expect, and I'm not sure that the nature of the basin going forward will translate into higher commodity prices = more jobs. It's not 1981, but is it a one, two or ten year down cycle? I expect most industry jobs result from natural gas, not oil (as do government revenues, which fund infrastructure projects).
Wooster's right in saying that we should have a plan to go from 1 million to 2 million people. Let's say it happens in 30 years. I'm saying that in a commodity based economy, we should also be open to the idea of going from 1 million to 1.2 million in 30 years. The world is full of single industry towns that got smaller in that period. A 30 year plan with high expectations is going result in a lot of vacant lots. The plan needs to be flexible, or be combined with a plan to diversify out of oil and gas.
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Despite everything that has gone on, I remember seeing a growth chart for Calgary that was rather constant for the past 50 or 60 years. Even the 80s only caused a temporary pull back, with later years making up for the stagnation. I forget whether the chart was in Calgary Project or PlanIt - what I do remember is that it surprised me!
Not to say that past performance dictates future dictates future results, just that there is no past evidence to predict what you forsee. When oil and gas are low, you diversify. Turn all the empty office space into an asset and start recruiting head office relocations (like CP and Shaw in the 90s).
As for specific planning documents, it is rather unusual for the city to reject a project because it is too small. I think the ARP might have a minimum Floor Area Ratio of 1, possibly 2 for some areas. Once zoning is in place a developer that fits below the max guidelines, and above the min are pretty much scot free, besides small changes that might be required by the Planning Commission. Only controversy happens when a developer wants to go over the limit, or if the project violates a policy that the developer doesn't want to pay to comply with (and wants an exemption).