Mark Kolke visits with interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future - and shares what caught his attention.
+ to thousands of volunteers helping friends and strangers in Calgary and HighRiver
+ to Calgary Stampede CEO Vern Kimball, staff and volunteers – for making Stampede 101 a triumph in pulling together, pulling out all the stops and letting this community shine
+ to Bruce Burrell, Chief of Calgary Emergency Management Agency – for his stellar leadership, steady words and brilliant priority setting, and to City and Enmax crews for their execution in getting this city back to a perception of normalcy and functioning quite normally
SAVE THE DATE / upcoming events
+ Sept. 24; Annual RealREIT Conference; Toronto Convention Centre, Toronto,info/register
+ Oct. 16; 32nd Annual National Ernest C. Manning Innovation Awards Gala, TELUS Convention Centre, Calgarytickets/sponsorship
+ Oct. 17; 2nd Annual Vancouver Real Estate Leasing Conference, Vancouver Convention Centre
+ Government of Alberta flood relief [online updates] continues for affected southern Alberta communities [flood-related supports]; HighRiver temp housing projects being set up in Calgary, HighRiver and Lethbridge. City approval and regulatory processes side-stepped due to State of Emergency status
+ Ivanhoe Energy Inc. completed its disposition of its Pan-China Resources subsidiary
+ Stampede attendance down due to rain
NEWS REVIEW July 2 - 8
+ Alberta unemployment rate rises – now at 5%, in contrast to May when Alberta created 18,600 new jobs
+ Angle Energy Inc. launched a strategic review to enhance shareholder value
+ Boxxer Gold Corp. agreed to acquire Konnex Resources Inc.
+ BP is appealing in Texas courts, on Deepwater Horizon payouts relating to 2010 Gulf of Mexico spill, claiming that unaffected parties have been compensated
+ Calgary Stampede underway – parade and grounds in fine form; repairs to Saddledome taking more time so some stage events were cancelled; Stampede and Erlton LRT station repairs made in time
+ Calgary Zoo laid off nearly 300 staff, losing huge revenue – re-opening date at least 5 months away, repairs of estimated $50 million damages has begun; a merkat had 5 pups and flood chilled giraffes survived!
+ Canadian National Railway is planning a 20-acre frac sand facility near Grande Prairie, opens November 2013
+ Dixie Energy Trust closed its US$ 5.5 million acquisition of Mississippi and Alabama assets from Fletcher Exploration LLC
+ Enbridge Inc. restarted service on its Wood Buffalo Pipeline (Line 75)
+ GE Oil & Gas completed its $3.3 billion acquisition of Lufkin Industries Inc.
+ Government of Alberta has committed to a deal valued at $5 billion, for shipping up to 100,000 barrels a day for 20 years with Energy East Ltd. Partnership, which is TransCanada’s west-to-east main line conversion project to deliver Alberta’s ‘bitumen in lieu’ of royalties output
+ Great-West Lifeco Inc. satisfied conditions, going ahead with its acquisition of Irish Life Group Limited for €1.3 billion
+ National Public Relations acquired Madano Partnership
+ oil-by-rail under scrutiny in aftermath of massive 70-car train de-railment, explosion and fire decimated Lac-Mégantic, 13 bodies found so far, dozens more unaccounted for … investigation underway
+ Pacific NorthWest LNG applied for its liquefied natural gas export license
+ Plains Midstream Canada has incurred the wrath of the Alberta Energy Regulator – subject to an audit of all its operations
+ TC Pipelines LP closed its acquisition of additional interests in Gas Transmission Northwest LLD and Bison Pipeline LLC for $1.05 billion
+ Telus, Westbank and Allied REIT announced plans for a $400 million, 750,000 sq. ft. office tower on the Arts Central site (across the street from The Bow); planned as a LEED Platinum project, it will have Telus as anchor tenant, and 341 residential rental units
+ TransCanada Corporation closed its acquisition of Ontario solar power facility (1st of 9) from Canadian Solar Solutions Inc.; 9 facilities will be 86 megawatts, costing $470 million
+ TrilOil Resources Ltd. is in play – undisclosed party negotiating a bid
+ City of Calgary reviewing storm water drainage system – need $170 million in upgrades – back on the discussion table after 2nd flooding of Sunnyside neighbourhood in wake of recent flood
+ Tsuu T’ina Nation and Ottawa resolved long standing dispute over compensation paid for the Weaselhead lands
+ Calgary temporary housing, trailer parks, to accommodate displaced residents from Calgary (900) and several thousand from High River, are under construction on a hurry-up basis in Great Plains industrial area, sites also in Royal Oak and Garrison Green to house people for an estimated 12-18 months while their homes are restored or replaced due to flood damage
+ ElbowPark and Rideau schools (Calgary Board of Education) under assessment for significant flood damage, repairs and temporary solutions for September back-to-school – stay tuned . . .
+ City of Calgary infrastructure repair bill – estimates so far, to fix the Zoo, river bank re-hab, police admin bldg, city hall, wastewater treatment plant, parks, pedestrian bridge replacements, public library bldg, LRT lines, parkades, Talisman Centre and replacing destroyed police vehicles = $ 256 million and climbing . . . tic-toc
+ each year The Calgary Foundation takes our temperature; surveying how we view quality of life in Calgary. Please take a few minutes to respond – click here. Survey response date extended to closes July 30, report will be published October 1.
+ Pure Multi-Family REIT LP closed its US$16.5 million acquisition of a Dallas multi-family project (264 units, 6.89% going-in CAP rate)
+ First Capital Property Trust agreed to acquire a 50% interesting in 25-building Montreal portfolio of industrial buildings for $48.2 million
+ Blackstone Group LP, after investing $5 billion on more than 30,000 distressed U.S. houses as part of a $17 billion investment in over 100,000 foreclosed homes it led – going deeper into the distressed market by providing financing to other landlords
+ WPT Industrial REIT agreed to acquired US$53 million industrial property in Illinois from Welsh Property Trust LLC
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
- this site is maintained and updated weekly - last updated May 30, 2023
