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Does anyone know who the contractor is on this one?
[Oak Bay] Oak Bay Beach Hotel | 8-storeys | Built - completed in 2013
Started by
VicHockeyFan
, Jul 31 2006 08:33 AM
586 replies to this topic
#122
Mike K.
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Posted 19 October 2009 - 08:08 AM
Know it all.
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#123
spanky123
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Posted 19 October 2009 - 04:47 PM
So Durwest ponied up a cool $1M to do the work? That doesn't sound right.
#124
concorde
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Posted 20 October 2009 - 04:21 PM
Apparently the deal is if any company wants to work on the project, they have to buy a set dollar value of bonds. One trade contractor bought $1 million of bonds so they could work on the project.
I never mentioned Durwest
#125
LJ
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Posted 20 October 2009 - 07:34 PM
I never mentioned Durwest
No, Mike K did.
I assume the inference was that if they were the contractor they must have bought a certain number of bonds.
Life's a journey......so roll down the window and enjoy the breeze.
#126
concorde
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Posted 21 October 2009 - 04:24 PM
I see nothing has happened on this job for the last 3 days
#127
G-Man
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Posted 21 October 2009 - 06:27 PM
Sure were a lot of trucks coming and going when I drove by last friday.
#128
D.L.
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Posted 28 October 2009 - 09:56 AM
the site will be excavated down three levels
#129
Guest_Marcat_*
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Posted 31 October 2009 - 01:24 PM
It is my understanding tender for the structure is going out within the next two weeks.
#130
concorde
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Posted 31 October 2009 - 10:58 PM
It is my understanding tender for the structure is going out within the next two weeks.
It will be interesting to see who bids the structure, there is a lot of competition coming in from out of town, although the local formwork contractors are getting pretty hungry too.
They didn't even bother tendering the excavation, they just gave it to RG
#131
D notes
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Posted 05 November 2009 - 06:38 PM
They FINALLY broke ground on this project today.
#132
G-Man
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Posted 05 November 2009 - 07:25 PM
^ What were the trucks removing a couple of weeks ago?
#133
Guest_Marcat_*
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Posted 05 November 2009 - 08:12 PM
They were hauling imaginary dust...
This was the official ground breaking, they were removing topsoil down to rock for blasting, they've now started blasting
This was the official ground breaking, they were removing topsoil down to rock for blasting, they've now started blasting
#134
Sparky
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GET OFF MY LAWN
Posted 05 November 2009 - 09:20 PM
As I understand it there will be a "sod turning" for the investors tomorrow. (Friday) The investors will then be treated to lunch at the Victoria Golf Course.
#135
concorde
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Posted 29 November 2009 - 04:37 PM
So it turns out they have only received an excavation permit for the project and there is still no word when the concrete formwork will be put out for tender.
#136
spanky123
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Posted 10 December 2009 - 02:26 PM
CFAX reported today that the Oak Bay beach hotel is going to try and raise another $20M through a bond offering so that they "do not have to deal with banks". I wonder if that is French for the banks choosing not to deal with the Oak Bay Beach Hotel.
#137
yodsaker
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Posted 10 December 2009 - 08:11 PM
The aroma lingers, still no ducks in a row.
Your French is correct where I come from.
Your French is correct where I come from.
#138
VicHockeyFan
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Posted 31 December 2009 - 02:25 PM
NEWSMAKER OF THE YEAR 2009: Kevin Walker - Following a Dream
http://www.bclocalne...s/80082082.html
By Vivian Moreau - Oak Bay News
Published: December 28, 2009 10:00 AM
[...]
#139
concorde
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Posted 31 December 2009 - 06:09 PM
IDIOT OF THE DECADE: KEVIN WALKER
Oh, and "Lenders who previously shunned him are now knocking on his door" is BS (sorry I have to be that blunt). He's looking at a financing rate of 15+% so that is why he is trying to raise capital thru these bonds
For all of these factors, he deserves the Idiot of the Decade award.
Oh, and "Lenders who previously shunned him are now knocking on his door" is BS (sorry I have to be that blunt). He's looking at a financing rate of 15+% so that is why he is trying to raise capital thru these bonds
For all of these factors, he deserves the Idiot of the Decade award.
#140
concorde
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Posted 07 April 2010 - 07:49 PM
Don't forget about this project. This one seems to be moving ahead now that Durwest has been kicked out.
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