5673 replies to this topic

[spanky123]

So the CRD now thinks that it can sell the combined sites for more than $17M? I seem to recall the reason that they decided to lease the sites was to avoid taking a big loss.

[Mike K.]

One side just sold for $11.25 million, so presumably the other one will sell for a similar amount. The leases also covered monthly overhead on the properties.

[Jackerbie]

Regarding Driftwood, Jason Meyer asked Esquimalt Council for their support in acquiring 836 Viewfield. Not sure what the request entailed, you'll have to wait until the minutes are posted.

 

[Cassidy]

Two established COV businesses moving their manufacturing (and likely distribution in the case of Driftwood) from Victoria to Esquimalt ... the first of many one might posit.

 

I guess trying to run a business while the COV taxes you up the ying-yang in order to offer free housing to junkies and thieves (while taking away all your customer parking) gets a bit tiresome ... and Esquimalt is so close and convenient (and business friendly).

Edited by Cassidy, 25 June 2019 - 03:54 PM.

[Jackerbie]

CoV commercial tax rate is 10.98%, Esquimalt is 10.78%

 

Unsure about CoV, but Esquimalt has a separate tax rate for light industry, 13.48%

Edited by Jackerbie, 25 June 2019 - 04:00 PM.

[RFS]

CoV commercial tax rate is 10.98%, Esquimalt is 10.78%

Unsure about CoV, but Esquimalt has a separate tax rate for light industry, 13.48%

There is more to business friendly-ness than strictly the posted tax rates

[Mattjvd]

Two established COV businesses moving their manufacturing (and likely distribution in the case of Driftwood) from Victoria to Esquimalt ... the first of many one might posit.

I guess trying to run a business while the COV taxes you up the ying-yang in order to offer free housing to junkies and thieves (while taking away all your customer parking) gets a bit tiresome ... and Esquimalt is so close and convenient (and business friendly).

Driftwood's distribution is already in Esquimalt. Their warehouse is next to the bottle depot on Ellery St.

[Matt R.]

Spinnakers used to process and distribute out of a building in the railyards from what I recall. Maybe that arrangement is just coming to an end and a new space was needed. I haven’t been out that what in a few years.

Matt.

[Mike K.]

Paul Hadfield of Spinnakers has leased a space in 808 Viewfield for several years.

[Matt R.]

Then it makes good financial sense to buy the space you are leasing, doesn’t it.

Matt.

[spanky123]

Then it makes good financial sense to buy the space you are leasing, doesn’t it.

Matt.

 

Depends on what you are paying for the lease and how much it costs to buy!

 

According to the TC this morning, rent wasn't even covering the operational costs so a good deal for the CRD then.

Edited by spanky123, 26 June 2019 - 07:42 AM.

[VIResident]

Operating costs rise by millions for new sewage treatment plant: staff report

 

 

"....But a report going to the CRD’s sewage committee has increased that estimate to $42.7 million — a seven per cent increase.

 

 

That seven per cent would be closer to 12 per cent, except the operating budget proposes deferring a $2-million annual allocation to an asset replacement reserve."  

“I’m going to encourage the committee to ask a lot of questions and ask staff to really bring back options that could help reduce these operating costs further,” said Esquimalt Mayor Barb Desjardins, the committee chair.

 

 

The staff report says about $2.9 million in the increase is due to higher chemical costs and about $1 million is due to increased costs for disposal of biosolids.

 

https://www.timescol...port-1.23886213

Edited by VIResident, 16 July 2019 - 05:19 AM.

[Mike K.]

Remind us again, which municipalities are part of the sewage project?

[VIResident]

Remind us again, which municipalities are part of the sewage project?

The Wastewater Treatment Project will provide tertiary treatment for wastewater from the core area municipalities of Victoria, Esquimalt, Saanich, Oak Bay, View Royal, Langford and Colwood, and the Esquimalt and Songhees Nations.

The Wastewater Treatment Project is being built to meet the provincial and federal regulations for treatment by December 31, 2020. The Project consists of three main components:

McLoughlin Point Wastewater Treatment Plant

Located at McLoughlin Point in Esquimalt, the treatment plant will provide tertiary treatment to the core area's wastewater.

https://www.crd.bc.c...eatment-project

[Mike K.]

Thank you.

 

$43 million in annual costs split among roughly 150,000 homes and commercial properties. Does that sound about right?

[Nparker]

Remind us again, which municipalities are part of the sewage project?

Remind me again how the billion dollars (plus) spent on wastewater treatment will keep all the pollutants from our stormwater drain system out of the ocean? 

[Mike K.]

No question there, it certainly won't. Sewage treatment systems all over the world have issues with stormwater runoff and spillage of sewage into waterways, and Victoria's most modern of systems certainly will as well.

[VIResident]

Thank you.

 

$43 million in annual costs split among roughly 150,000 homes and commercial properties. Does that sound about right?

286.666666667 per household per annum todays rates - future rates who the hell knows.

[Mike K.]

Right, and that's not including all of the associated capital costs of the plant that will need to be paid off.

[Tom Braybrook]

Operating costs rise by millions for new sewage treatment plant: staff report

 

 

"....But a report going to the CRD’s sewage committee has increased that estimate to $42.7 million — a seven per cent increase.

 

 

That seven per cent would be closer to 12 per cent, except the operating budget proposes deferring a $2-million annual allocation to an asset replacement reserve."  

“I’m going to encourage the committee to ask a lot of questions and ask staff to really bring back options that could help reduce these operating costs further,” said Esquimalt Mayor Barb Desjardins, the committee chair.

 

 

The staff report says about $2.9 million in the increase is due to higher chemical costs and about $1 million is due to increased costs for disposal of biosolids.

 

https://www.timescol...port-1.23886213

...cost overruns are inevitable...and would not be a problem except for one thing...the entire plant is completely unnecessary...science!..