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[Colwood] Skye & Capital City Centre condos, offices, commercial | 16- to 29-storeys | Under Construction [Colwood] Skye & Capital City Centre condos, offices, commercial | 16- to 29-storeys | Under Construction
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  #551  
Old Mar 19, 2012, 10:05 AM
 
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Not all projects like this are ponzi schemes. Curious to know what you actually think is gonna happen to this project. Dont be shy...
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  #552  
Old Mar 19, 2012, 02:28 PM
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Not all projects like this are ponzi schemes. Curious to know what you actually think is gonna happen to this project. Dont be shy...
It appears on the surface that this project is already way under water, when they raise another 24m that will make it 134M if they build 400 condos, that would cost 140m. Surely they have financial projections by now that will explain what it will all cost and what revenue it will develop. Fairbanks, Your the messanger here, you tell us what you think is gonna happen to this project.
Last edited by Henry Longmire; Mar 19, 2012 at 02:33 PM.
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  #553  
Old Mar 19, 2012, 03:50 PM
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I would expect that nothing happens with regards to the Goose. It is fine where it is - irrespective of whether a private interest wishes to mess with it.

Sparky, can you give me a link to the IGW OM and the Colwood OM. Thank you
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  #554  
Old Mar 19, 2012, 04:29 PM
 
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Sparky, can you give me a link to the IGW OM and the Colwood OM. Thank you
Go to www.bcsc.bc.ca and search on Colwood and IGW. It will be under offering memorandum.
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  #555  
Old Mar 19, 2012, 05:25 PM
 
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Not all projects like this are ponzi schemes. Curious to know what you actually think is gonna happen to this project. Dont be shy...
Impossible to tell as there are too many unknowns. What is the status of the contamination? Is Henry right and the water table is too high to allow underground parking? What is going on with the pub and why didn't anyone realize before now that it needed to be moved ASAP? How many pre-sales have their been and is construction financing in place? Is work stopped waiting Hazco does their stuff or is it ongoing?
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  #556  
Old Mar 19, 2012, 09:36 PM
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WTC NYC had water level issues as well and it still for built...
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  #557  
Old Mar 19, 2012, 09:54 PM
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WTC NYC had water level issues as well and it still for built...
Huh?
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  #558  
Old Mar 20, 2012, 04:44 PM
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WTC NYC had water level issues as well and it still for built...

Your comparing colwood Corners to the WTC? Well I suppose the land value would be the same, around 10 million an acre, and it is a catastrophic disaster and its well insured and its been a hole in the ground for a long time and its running grossly over budget. But colwood corners is no WTC.
Last edited by Henry Longmire; Mar 20, 2012 at 04:47 PM.
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  #559  
Old Mar 21, 2012, 07:07 AM
 
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Noticed a large crane on site now. No doubt this has to do with pile driving.
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  #560  
Old Mar 21, 2012, 08:14 PM
 
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Ws at London Drugs this aft and the large crane is definately for pile driving. Saw the large corrugated steel panels ready for shoring up the Sooke Road side of the excavation.
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  #561  
Old Mar 24, 2012, 08:31 AM
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Huh?
Was only implying that water table levels do not affect the ability to build somewhere.
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  #562  
Old Mar 27, 2012, 06:12 AM
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Was only implying that water table levels do not affect the ability to build somewhere.
I was only implying that the cost of building and piledriving makes the construction expensive, were these costs budgeted for? Maybe the budget has been made public, anyone seen it? Was it in the OM?
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  #563  
Old Mar 27, 2012, 09:13 AM
 
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More steel has been delivered in prep for pile driving. Very little activity on site today however dismantling of the Royal Bank building continues.
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  #564  
Old Mar 28, 2012, 07:22 AM
 
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League just announced that Dionne Barnes, CFO of their Partners REIT and VP Finance of League, has resigned.
Last edited by spanky123; Mar 28, 2012 at 07:28 AM.
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  #565  
Old Mar 28, 2012, 08:43 AM
 
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^Never a good sign, unless his performance has been so outstanding he's been lured away by a better job offer.

I'll be interested to hear League's spin on this. It doesn't inspire confidence.
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  #566  
Old Mar 28, 2012, 03:56 PM
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"I need to spend more time with my family!"
Last edited by Lorenzo; Mar 28, 2012 at 03:59 PM.
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  #567  
Old Mar 28, 2012, 04:24 PM
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^Never a good sign, unless his performance has been so outstanding he's been lured away by a better job offer.

I'll be interested to hear League's spin on this. It doesn't inspire confidence.
Dionne is a she, we will probably never know why, as the dear departed are silenced by agreements and most likely large cash settlement. Have we ever heard from an ex employee yet? Even those that have won handsome settlements in lawsuites have been silenced.
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  #568  
Old Mar 28, 2012, 04:44 PM
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Gee my memory is getting worse. Spanky123, what was the name of their American COO that slithered out of town in the middle of the night?

Do we know what became of him? He would be the type that would surface somewhere.
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  #569  
Old Mar 28, 2012, 04:54 PM
 
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Gee my memory is getting worse. Spanky123, what was the name of their American COO that slithered out of town in the middle of the night?

Do we know what became of him? He would be the type that would surface somewhere.
Are you thinking of Brien Biondi?
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  #570  
Old Mar 28, 2012, 05:53 PM
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^ Yes, thanks for the memory lift. His "Linkedin" page only lists past history.

I wonder what he is "UP" to now?
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  #571  
Old Mar 28, 2012, 06:00 PM
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Are you thinking of Brien Biondi?

Brien is now
Advisor, Coach, Consultant--Business DevelopmentDemographic infoWashington D.C. Metro Area | Executive Office This may be old information.
Last edited by Henry Longmire; Mar 28, 2012 at 06:05 PM.
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  #572  
Old Mar 28, 2012, 06:03 PM
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His facebook page says he has been traveling the world with his wife Amy.

Oh.......so he's married?
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  #573  
Old Mar 28, 2012, 06:11 PM
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"I need to spend more time with my family!"
Reminds me of this cartoon: http://www.newyorker.com/humor/issue...20312#slide=14
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  #574  
Old Mar 28, 2012, 06:13 PM
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^
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  #575  
Old Mar 29, 2012, 04:38 PM
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Talking about staff, League has a staff of over 50 employees, an expensive office building an office Vancouver and an office in Dubai. I would hazard a guess that that is running up around $10m a year, is that sustainable?
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