The Economic Picture: One Man's Opinion
By 250 News
On one hand, you have Quesnel which is saying that the beetle kill of the forest will result in that community hitting the wall in about seven to ten years. On the other hand, there is PG where we are saying its fast forward, all guns a blazing!
It makes you wonder who is right and who is wrong, given that both communities (at least to this point) have been relying on the woods industry to fuel their respective economies.
That will continue in the future unless of course we strike oil, which until this date is a long shot.
No, Shell Oil has not, (nor has any other oil company) rented office space in Prince George.
Yes we are having some incredible growth in the housing market compared to say the late 90’s, we needed that. But to suggest that the city will grow rapidly in the next ten years is, at best, a stretch.
We will get some spin off from the pipe lines coming through the area, we will get some spin off from Alcan's expansion, and we will see perhaps some wood pellet mills built to take advantage of the beetle wood.
But there are other signs that do not paint a very inviting picture. Down town for example is not about to bust out at the seams. The residential development by Ghiai is not going through the roof and the fact that a couple of stores are set to close their doors is a testament to the future.
UNBC faces its own challenge. We now have Kelowna and Kamloops competing for our students. Yes we can add more aboriginals to the student base, but the moment we exceed 20% that could and likely will create a back lash in trying to attract other students. We already have an aboriginal population of about 10% and there is a break off point.
So where are we in 2006? Well riding a high, but make no mistake, there are no iron clad guarantees the trend will continue.
I’m Meisner and that is one man’s opinion.
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Wood pellets and and beetle stew, we just may make it through the cold winters to come.