Sorry fenwick,
I just saw your query.
The information I posted is from an All Nova Scotia article on the subject the day before.
You should contact them or look on their sight for the full article if you have a registration with them. The way the site works I can't repost it.
Cushman Wakefield release a report tonight that says the second convention centre will push downtown vacancy rates to 20%.
Vacancy rates are already at an astounding 13.9%
Needless to say this is unprecedented and would certainly lead to a total collapse of the commercial real estate bubble...
Nice going land speculators.
Thanks Chris for opening up a new front on this conversation.
It's a good start and lots more to do.
When I worked on the NS Heritage Taskforce I was very surprised to learn from the forest industry folks that less than 1% of NS forest was Old Growth and no effort was being made to protect or increase this number. The apocalypse has happened and we don't even notice.
My view is that the whole concept and valuation of forests as a resource has to be rethought from the ground up and even then it will take another 100 years a managment to get to where we aught to be, if we are diligent.
I'm sure there are good ideas and passionate good folks out there (like one of the commentors below), it's just hard to see the forest for the lack of trees... er, however that expression should work.
Thanks Tim Bousquet for this ongoing communication. Goodness knows our governments are not doing a good job at it.
To recap:
The point under discussion is a large government investment in a second convention centre and the best use of a keystone piece of downtown real estate to bring more prosperity to Nova Scotia.
- No development plan or permit in place
- No decision or process regarding the street (a whole downtown cit block) which they... destroyed
- No plan on temporary parking
- Businesses suffering all around
- No tenant for the larger building which is integral to the plan
- No business case to support the project according to our Auditor
- Disgraced and dissolute management team
- Dwindling industry/ internationally disproven strategy for development
- Current Convention Centre a long-term proven loser
- No plan for old convention centre
- Historic high vacancy rates downtown
- Lots of private sector alternatives being undermined
- Unknown and escalating cost of management and promotion
- No established public benefit
- Little/no public support outside self-interested boosters
- No critical discussion from any opposition party or politician at any level of government
- No alternatives being considered
- No apparent way out
- Anyone who questions the project is accused of hating Halifax and the future
- Government at all levels obsequiously grovelling to land speculator
- One big hole in the ground...
ALLNS is reporting tonight that the Mayor elect took a $10k per month "base" salary from this fund. In other words he pocketed cash - a lot of cash by NS standards - directly form the developers, construction co.s and land speculators who will now curie his favours.
"Our time, Our Mayor" indeed.
Thanks Tim. This is a great synopsis of where we are today, the opportunities and the new set of problems we face.
The only point I would like to discuss more is the relationship between the province and city, between premier and mayor. In my view the city is a child of provincial legislation and the provincial government has been a deadbeat dad since amalgamation.
As the city represents numbers approaching half our population and half our economy, it's time we stop, at least for a moment, and consider how the relationship should work.
Re: “The usual suspects”
So, you literally called Houston to tell them we have a problem?
Though we wish the mayor could have been in town and on top of the game, I suppose you can't ask for more than his response.
Oh, well, action I suppose. We could ask for that too.