+ time is running out for the City of Calgary to negotiate a deal with the Airport Authority to put a tunnel under the new runway, but technical issues and cost escalation rumours are abundant. The original cost estimate of $295 million appears to be heading skyward to $500 million as the Airport Authority imposes its will on how things will be done (ie: scope of work, standards, timing) that could push this project into the stratosphere. Meanwhile, Mayor Nenshi spouts optimistic tones like someone who actually has an extra $42 million to spend – he does!
+ and, speaking of where that $42 million unexpected surplus of Alberta Government funds might go, the downtown main library (W.R. Castell Library) has found itself back near the front burner, as City Council dithers-still as this facility crumbles before them
+ University ofCalgary is seeking developer partners to fund mixed use redevelopment on lands it owns around McMahon Stadium
+ readers are encouraged to forward news items, commentary, feedback & items for our 'on the move' section by writing to: research@maxcomm.ca . We welcome your information – send us information on corporate news, key staff appointments, financings and notices of upcomg industry and charity events.
FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher
+ Encana Corp. agreed to buy 30% stake in the proposed LNG terminal at Kitimat; other partners in the $3 billion project are Apache (40%) and EOG Resources Canada Inc. (30%)
+ first day of spring …. overcast, snow, not very spring-like
+ PetroFrontier Corp. and Texalta Petroleum Ltd. agreed to combine
+ Shell Canada celebrating 100th anniversary of incorporation .. congrats!
+ tomorrow if Federal Budget day; Finance Minister Flaherty’s play-it-safe (appease opposition parties if you can) budget not expected to trigger non-confidence motion (other issues will) within day; potential defeat of the government …. which, in turn, will trigger a Federal election; stay tuned for a cartoon-show week of silly politics
GOLF JOKE
A crusty old golfer comes in from a round of golf at a new course and heads into the grill room.As he passes through the swinging doors, he sees a sign hanging over the bar:COLD BEER: $2.00, HAMBURGER: $2.25 , CHEESEBURGER: $2.50 , CHICKEN SANDWICH : $3.50 , HAND JOB: $50.00. Checking his wallet to be sure he has the necessary payment, the old golfer walks up to the bar and beckons to the exceptionally attractive female bartender who is serving drinks to a couple of sun-wrinkled golfers.She glides down behind the bar to the old golfer."Yes?" she inquires with a wide, knowing smile, "May I help you?"The old golfer leans over the bar and whispers, "I was wondering, young lady," he whispers, "are you the one who gives the hand-jobs?"She looks into his eyes with that wide smile and purrs, "Yes Sir, I sure am."The old golfer leans closer and into her left ear says softly, "Well, wash your hands really good, cause I want a cheeseburger!"
COMMENTARY
+ kudos to Gordon Maron, CFO over at PCL Construction . . named CFO of the year for 2011 by Financial Executives International Canada, PwC and Robert Half …
+ earthquake, tsunami, Libya, nuclear – wow, what a couple of weeks it has been; I remember so many times, hearing people say ‘new-clear’, and now that we’ve seen a couple of weeks obfuscation from Tepco, there is nothing new or clear . . .
+ May 14 & 15; National Women In Business Expo, Big 4 Building, StampedePark, Calgaryinfo/register
+ June 2; OPEC, 159th ordinary meeting , Vienna + June 2; SustainaBUILD Conference, BMO Centre, Calgaryinfo/register + June 12-15; Banff World Television Awards, info/register + July 8 – 17; Calgary Stampede, Stampede Park, Calgary - info/tickets
NEWS REVIEW Mar. 15-20
+ Gran Tierra Energy Inc. completed its takeover of Petrolifera Petroleum Ltd.
+ RioCan REIT and Calloway REIT formed a JV to open factory outlet malls in Canada
