News, Tips and information that may help investors about the Prince George Real Estate market.
Friday, June 25, 2010
Friday, June 11, 2010
Final project agreement cost for the new Cancer Centre
Prince George, B.C.- The final project agreement cost for the new Cancer Centre to be built in Prince George has been reached. And the building will feature... Click Here for details. (pdf file).
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Dean Birks Royal LePage Prince George
Direct Phone: 250-612-1709
Friday, May 28, 2010
Agreements for Highway 37 Transmission Line Signed
By 250 News
Friday, May 28, 2010 03:40 PM
* An electricity-purchase agreement between BC Hydro and AltaGas for the Forrest Kerr clean energy project near Bob Quinn Lake.
* An impact-benefit agreement between AltaGas and the Tahltan Nation for the Forrest Kerr project. The NTL project also includes $130 million in funding through the Government of Canada's Green Infrastructure Fund, announced by Prime Minister Stephen Harper last September. The estimated ratepayer contribution to the NTL will be
$94 million, which is expected to be offset by contributions from future clean, renewable energy projects and/or mine developments. The NTL is a $404-million, 287-kilovolt, 335-kilometre, publicly owned transmission line from Skeena Substation (near Terrace) to Bob Quinn Lake. It will provide a secure interconnection point for clean generation projects, supply clean electricity to support industrial developments in the area, and reduce greenhouse gas emission by enabling communities now relying on diesel generation to connect to the grid. An application for an environmental assessment certificate for the NTL was accepted by the B.C. Environmental Assessment Office on April 14, 2010. The 180-day application review period is underway, and public meetings have been
held in the project area. Construction of the NTL is scheduled to begin in late 2010 and will create an estimated 280 construction jobs, subject to receiving necessary environmental assessment and regulatory approvals and accommodation of First Nations' interests.
Victoria, B.C. - Agreements signed today will help set the stage for the development of the Northwest Transmission Line.
Clean energy agreements between BC Hydro, British Columbia Transmission Corporation (BCTC), Coast Mountain Hydro L.P., a wholly owned subsidiary of AltaGas Income Trust Ltd. (AltaGas) and the Tahltan Nation will help to create jobs, provide clean and renewable electricity to B.C.'s Northwest, and power the development of the Northwest Transmission Line (NTL)
The agreements, which will support construction of the NTL, include:
* A $180-million umbrella agreement between AltaGas and BCTC for the construction and development of the NTL.* An electricity-purchase agreement between BC Hydro and AltaGas for the Forrest Kerr clean energy project near Bob Quinn Lake.
* An impact-benefit agreement between AltaGas and the Tahltan Nation for the Forrest Kerr project. The NTL project also includes $130 million in funding through the Government of Canada's Green Infrastructure Fund, announced by Prime Minister Stephen Harper last September. The estimated ratepayer contribution to the NTL will be
$94 million, which is expected to be offset by contributions from future clean, renewable energy projects and/or mine developments. The NTL is a $404-million, 287-kilovolt, 335-kilometre, publicly owned transmission line from Skeena Substation (near Terrace) to Bob Quinn Lake. It will provide a secure interconnection point for clean generation projects, supply clean electricity to support industrial developments in the area, and reduce greenhouse gas emission by enabling communities now relying on diesel generation to connect to the grid. An application for an environmental assessment certificate for the NTL was accepted by the B.C. Environmental Assessment Office on April 14, 2010. The 180-day application review period is underway, and public meetings have been
held in the project area. Construction of the NTL is scheduled to begin in late 2010 and will create an estimated 280 construction jobs, subject to receiving necessary environmental assessment and regulatory approvals and accommodation of First Nations' interests.
Above copy courtesy of:
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Dean Birks Royal LePage Prince George
Wednesday, May 26, 2010
Create New Downtown in 2 Years - Prince George BC
DBIA Has Mission to Create New Downtown in 2 Years
By 250 News
Wednesday, May 26, 2010 05:21 PM
DBIA Vision for downtown: A-Public market and artists loft; B-Multi use development; C - Downtown Wood Innovation Design Centre; D - Student Housing; E- Expo building; F- Performing Arts Centre; G- Parking Building; H- access to riverfront Heritage Trail; I-Mixed Use development; J-Commonwealth Gardens-seniors housing; K-Commonwealth Health
Prince George, B.C.- The new DBIA in Prince George has presented a vision for the downtown of the city which calls for public-private partnerships, some private investment, and a shared vision with the City of Prince George.
The vision depicts a downtown that has been transformed by a variety of “incentives” for development. The incentives include low development cost charges, guaranteed approval times, and revitalization tax “incentives”. Presenter Heather Oland specifically changed the word from exemptions to “incentives” and says it need not be offered to everyone, perhaps just to the first three developers who get on board, perhaps only to certain sectors but that everyone agrees the fundamental building blocks for the downtown are a university campus ( wood innovation centre) a performing arts centre and housing.
The DBIA strongly supports 20, 30 or 40 year tax exemptions to spark new development. Oland says an empty lot worth $56 thousand today would still generate taxes for the City if the value of improvements to that lot (putting a building on it) were given the tax break. “It’s controversial, but let’s have that public discussion” she told a gathering at a downtown hotel.
The DBIA held a strategic planning session in April of this year and emerged with a Vision ( to create a new downtown), and a mission (to create a new downtown by 2012). That Vision sees the construction of the wood innovation and design centre on land ( former P.G. Hotel property) which the company headed up by the DBIA’s Treasurer Dan McLaren sold to the City of Prince George.
The plan also sees property on the east and west sides of George Street developed for a performing arts centre and a P.G. “expo” centre it would be “A gateway to the downtown” Oland told the group.
The block between Dominion and Quebec streets bounded by 5th and 6th Avenues, would be home to student housing (currently it is home to the Italian club, a bowling alley and a parking lot), while the block at 3rd and George across from the Courthouse would become a market with an artists loft.
Copy courtesy of:
Dean Birks Royal LePage Prince George
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