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Downtown Condo-Hotel Project Sets Sites on Spring Start

Wednesday, September 12, 2012 @ 6:31 AM
Prince George, B.C.- It will likely be next spring before the first shovels are in the ground for the new $40 million dollar condo and hotel complex that is going in across from the current RCMP building on Brunswick Street.
 
The project developers say they are still in negotiations with a hotelier, and are still wrapping up details with the City on some of the project requirements.
(At right, architectural rendering of hotel/condo complex)
 
One of those issues was dealt with at Prince George City Council Monday night, when Council agreed to reduce the number of loading spots from 5 to just two. The reduction is supported because of the lack of impact on traffic in the area.
 
The developer says the new facility will have ground level “connectivity” with the P.G. Library and the P.G. Civic Centre.
 
The plan calls for a  12 storey building which will include a 151 room hotel, 34 condos, restaurant/lounge, meeting space and retail space.

Comments

“ground level “connectivity”” .. isnt that what the call a sidewalk?

IMO the only way this project will proceed is with a significant number of condo pre-sales.

A search on MLS shows that there are currently 9 condo/strata properties for sale for 300k+ If I remember these new condos are in the 300-800k range. So this one project will drop 5 times existing inventory on the market in one fell swoop. I don’t see a pent up demand for this type of property, so a flooded market will only drive prices down.

I know Rod is a realtor and must have done market research but I will believe it when the cement trucks are rolling.

” ground level “connectivity” ” LOL

When that sidewalk gets ice on it it will be called, “sliptivity”…..lol!

What 300k+ Condos in PG, I may as well move to Victoria, bigger Selection and yes so many are much less and a few more Points, Clean Air, no Winter to speak off, lower Gas Costs and no Snow Shovels .Keep on Dreaming in the 300 to 800k Range!

Based on the past history of such announcements and developments, I will wait until it happens before I believe it.

Perhaps the developers could build this building out of wood, and show the world how its done. Not bloody likely. It will be the standard issue for Prince George.

Metal studs, concrete, and steel.

One thing that is positive. If it is built it will be a significant amount of private money being spent. This is great considering that most projects in this burg are taxpayer funded,.

Hey where is the Infrastructure reprt that we were supposed to get yesterday? Just wondering.
Cheers

Based on the past history of such announcements and developments, I will wait until it happens before I believe it.
============================
DITTO.
Cheers

Retired 02

If you have to be spoon fed….:)

http://www.canadainfrastructure.ca/en/index.html

Best to just watch and see if this project is to come to fruitian. If this is another reaqson for a tax grab I am going to be pissed!

If you have to be spoon fed….:)

======================================
The media are fotever telling us what WILL happen today. But today never arrives. They just have to get the jump on the oposition and we are left wondering, will this actualy happen or was all just bull.

So I really don need your website lonsome I want those smart people that came up with the original story to follow up.
Cheers

“I want those smart people that came up with the original story to follow up.”…..and read through the article on the website, write a synopsis for O250 on what it means for the local area….. in other words spoon fed.

Here is the information from the summary report which is a full 4 pages long. I know that some people cannot read tha much in one sitting. So, here it goes.

To remind everyone what it stated on here with the original story: “It has recently been estimated that the infrastructure deficit in Canadian cities is in the tens of billions of dollars.”

To which I replied that that is a ridiculously low figure and it would be in the 100’s and even into a trillion + depending on what is all included.

Well, all that is inluded are the following:

roads $91.1 billion
sanitary $39.0 billion
water $25.9 billion
storm $15.8 billion

total $171.8 billion

So, no municipal building involved – police, libraries, maintenance yards, municipal waste facilties such as landfills, city halls, arenas, convention facilities, parks, stadiums, municipal theatres, community arts buildings, etc, etc.

A half assed job if you ask me. No wonder municipalities cannot do their work if their national association can’t do better than put out a partial report.

BTW, those are the fair to poor facilities which will need replacement, which is far beyond repair.

Here is what it says about that: ” The report card points to the cost of delaying infrastructure repairs, rehabilitation, or renewal. Under current practices (investment, operations, maintenance), most infrastructure, even if in good-to-very-good condition now, will require ever-increasing investment as it ages.

“The report card emphasizes the importance of having an asset-management system in place to establish practices that will increase the longevity of the assets and optimize investments in maintenance and rehabilitation.”

Oh god not another homeless shack or low income housing, these are the reason I NEVER go downtown, who thinks up this shit, no really, some one actually gets paid for this crappy decision. Cant put paint on a turd….just saying….

BTW, that amounts to $13,813 per household which projects to something around $400million for PG.

And once we have replaced and paid for that, the infrastructure that is judged good will have progressed to fair and will need replacing or major refurbishment.

The rport states: “When assessing the state of municipal infrastructure management, the report finds many municipalities lack the internal capacity to accurately assess the state of their infrastructure.

“This is not to say that the municipal sector lacks the wherewithal to undertake rigorous internal reviews of their assets; rather, that finite financial resources, staff and time preclude a more thorough, real-time evaluation of the state and performance of their physical infrastructure.”

“some one actually gets paid for this crappy decision.”

What crappy decision? to require only 2 loading spots instead of 5?

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