tag:blogger.com,1999:blog-3877493408875483921.post1550391372792779028..comments2024-03-29T07:45:59.278-07:00Comments on North Coast Review: Latest element of Prince Rupert vision planning out for Bids as Gateway project comes into focusUnknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3877493408875483921.post-68633524078603908132021-07-20T19:58:59.951-07:002021-07-20T19:58:59.951-07:00With that time pressure and the heightened expecta...With that time pressure and the heightened expectations created by Brain and Mirau through their social media feeds it may be the developer who ends up getting the better deal. It's not like the city and Northern Savings are playing hard to get. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3877493408875483921.post-42778734485341179462021-07-20T16:44:06.726-07:002021-07-20T16:44:06.726-07:00Great question, according to BC Assessment. The c...Great question, according to BC Assessment. The current assessed value for Northern Savings and M & M properties sits at $2.8 million. <br /><br />The sellers will be looking for a premium, especially if an out of town developer is in play. <br /><br />Add in the fact that the city wants the deal done by Feb 28th 2022 with a construction start date of June 2022. <br /><br />Good luck with that.<br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3877493408875483921.post-24531405013007920692021-07-20T15:31:42.277-07:002021-07-20T15:31:42.277-07:00What happens if Northern Savings and M&M do no...What happens if Northern Savings and M&M do not want to sell or cannot reach acceptable terms with the developer? Does the city expropriate and then sell to the developer? Or is the city quite sure that Northern Savings and M&M want to sell from having talked to them and reached some kind of back room deal or understanding? <br /><br />It sounds like there needs to be greater transparency about any discussions that the city has had with Northern Savings and M&M. It's hard to believe that the city has reached this point without having talked to Northern Savings and M&M and received some assurances. <br /><br />Is this only about developing an entry point to revive downtown, or is it also about the city spending public funds to create a real estate opportunity for two private land owners? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3877493408875483921.post-35602293482251115082021-07-20T14:34:43.008-07:002021-07-20T14:34:43.008-07:00The city has tasked Iplan to submit an RFP to deve...The city has tasked Iplan to submit an RFP to develop lots owned by M & M and Northern Savings.<br /><br />Iplan is a consultant from Sannichton. They are our city planners at the moment. We as tax payers, shelled out $164 grand for their services last year. <br /><br />Basically, our city planner (Iplan) has created a bid to attract development interest for the lots in question. <br /><br />Those lots are currently owned by Northern Savings, and M&M. <br /><br />The want interested developers to;<br />- buy the lots from Northern Savings & M & M (the respective lot owners)<br />- Arrange their own project financing<br />- Design, gain all permits, build, and market redeveloped space<br />- Provide first right of refusal to the City and Northern Savings for redeveloped space<br />- Furnish a performance bond to the city for certain aspects of this project<br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3877493408875483921.post-28266830854375157472021-07-20T13:36:50.012-07:002021-07-20T13:36:50.012-07:00youve contradicted yourslef within only a few sent...youve contradicted yourslef within only a few sentences.<br /><br />this is the first entrypoint to our town for like 80000 tourists a year. its the first thing you see driving out of town. its the connection point between downtown and cow bay. its got the plywood boarded up DQ building, vacant lots, sunken holes, and alder weeds. this is THE area of town in desperate need of attention<br /><br />nice try on the critiscism though Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3877493408875483921.post-21795359090497527952021-07-20T11:03:47.441-07:002021-07-20T11:03:47.441-07:00What exactly is happening here? What is the City s...What exactly is happening here? What is the City spending on this? Is M&M Ventures involved in this redevelopment? What is the conceptual look?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3877493408875483921.post-57712073700753341752021-07-19T13:37:45.633-07:002021-07-19T13:37:45.633-07:00Northern Savings needs to play a larger role in th...Northern Savings needs to play a larger role in the development of housing in our community. If they partner with the right developer, they could provide financial assistance to the developer, while investing in affordable units above their new branch.<br />As for the commercial side of the development, use ocean containers to create a small open air market for local artisans (small business financing services offered by Northern Savings), include a carving shed and a performance space for buskers. (events sponsored again by Northern Savings).<br />Maybe Northern Savings and M&M Ventures should respond to this RFP together?<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3877493408875483921.post-58776335644683556192021-07-19T11:56:05.169-07:002021-07-19T11:56:05.169-07:00There should be no I repeat no cuty monies spent o...There should be no I repeat no cuty monies spent on development. This is the job of developers not taxpayer funds. <br /><br />We currently have not been allowed to tear down a building for going on 4 years. There are roadways in the city the city has excavated to repair utilities done a temporary patch, backfilled and paved over. Get a good program started on the basics the city requires. Fixing utilities should be a priority. Enough of these designer dreams through rose colored glasses. Take the glasses off have a look at some of the areas of town that are in desperate need of attention.Anonymousnoreply@blogger.com