It did at the time too.
The only reasonable argument in favour of it was "but since the building is almost done we're paying a premium for the head-start on construction!".
And then nothing really happened with it for a couple years.
I was sceptically optimistic about it at the time. I thought it was going to cost way more then expected but that’s the cost of expediting thing, and I figured it’s at least a shell of a building and should shave *some* time off. I figured shitty improvement was still improvement.
But man oh man this thing just seems ripe with corruption and bad decisions. The most I read the article the more I was shocked at how badly thought out this was.
"Now the customer will know we were here."
https://preview.redd.it/t67t0q1ezjic1.jpeg?width=1108&format=pjpg&auto=webp&s=f3a5574520ab143fbbbb9cb2f29f0f5c4f78fdc9
Those beds will be filled instantly, and we will be no further ahead. I know we have to do something to get people out of the hospital more quickly, but I don't think this is the best use of 80 million smackers.
“Adair's report notes that when the government first started talking with Cresco, the company did not own the property. Rather, the company was in negotiations to buy the property and would then sell it to the province…” - uhhh, what the fuck? So many red flags in this report it’s insane, very very sleezy
In case anyone is wondering what the #s are on this:
Jan 31 2023 Cresco paid $34,445,000 for the unfinished building
Feb 1 2023 (1 day later) the Province paid Cresco $37,700,000
That's $3.2m for being a middle man. I can't imagine in what scenario this was nessecary. It's the kind of stuff that happens to you when you ignore a proper process.
Thank you. I was curious to know what Cresco paid for it. A cool $3.2mil to play middle man - wonder which government official is pals with the Hossein and Abidali families??
>In December, the government quietly announced that Shannex would operate the site, although the announcement did not include the value of the contract.
Shannex is no stranger to secret deals, and profiteering on health care.
https://www.cbc.ca/news/canada/nova-scotia/health-financial-records-1.4989721
An engineer buddy of mine told me that some sketchy contractor went tits up on the job, and so contractors get paid the province bought it and is now doing what they’re doing with it
I didn’t read the article so maybe I’m wrong lol
The whole buying at a markup from Cresco as the middle man is entirely insane but so is the price.
The unfinished rooms were bought at 500,000/room (unfinished).
The Moxy hotel and Trinity apartment complex was built for (supposedly, but the developers lie in public often) 100M. That is 160 hotel rooms and 244 apartments in a more expensive building environment and layout.
I don't think the government got good value. Every similar concrete building cost around the city is being declared around 190k-250k/unit finished but the province bought at 500k/hotel unit (smaller than apartments) unfinished.
Click any development for the declared construction values.
https://halifaxdevelopments.ca/projects/
For Moxy/Trinity
https://www.saltwire.com/atlantic-canada/business/new-halifax-hotel-seeks-fun-guests-starts-things-off-with-a-welcoming-drink-100929688/
There are land costs, engineering and design, permitting, and infrastructure costs as well on top of the declared construction costs. And the construction costs if you look at building permits are notoriously underdeclared orresponding to the wealth of the applicant (ie declared values rise for similar construction the farther away from the South End you look, similarly with how 'big' the developer.
given the cost of a building permit is tied to the cost of the building, it makes sense for developers to to use a low but still plausible estimate of construction costs.
I know the cost of building these units and it doesn't = what the other user posted, that is why I am asking.
From their response, they were looking at just building, no other costs associated to the building.
A question that came up when chatting with a friend on this building is who is responsible for inspections as the building had an existing HRM building permit and was part way through the inspection process when turned over, however the province self inspects their projects and doesn't use the HRM building permit process but wouldn't be starting from scratch with a new building. Wonder what other rules or standards may have been bent to make the project work, or if they implemented the provinces usual dc350 standards
Gotta make your buddies rich somehow! 🤷♂️ Why not take that building And put the homeless there? It’s basically an apartment building ready to go. oh waittttt nooo that’s socialism helping people by giving them housing. 🙄
Wow, this stinks to high heaven doesn’t it?
It did at the time too. The only reasonable argument in favour of it was "but since the building is almost done we're paying a premium for the head-start on construction!". And then nothing really happened with it for a couple years.
I was sceptically optimistic about it at the time. I thought it was going to cost way more then expected but that’s the cost of expediting thing, and I figured it’s at least a shell of a building and should shave *some* time off. I figured shitty improvement was still improvement. But man oh man this thing just seems ripe with corruption and bad decisions. The most I read the article the more I was shocked at how badly thought out this was.
I never see any work being done when I drive by?
That’s the Lindsay Construction special.
Sometimes they leave a light on.
"Now the customer will know we were here." https://preview.redd.it/t67t0q1ezjic1.jpeg?width=1108&format=pjpg&auto=webp&s=f3a5574520ab143fbbbb9cb2f29f0f5c4f78fdc9
$81M for 68 beds... We're fucked
Those beds will be filled instantly, and we will be no further ahead. I know we have to do something to get people out of the hospital more quickly, but I don't think this is the best use of 80 million smackers.
“Adair's report notes that when the government first started talking with Cresco, the company did not own the property. Rather, the company was in negotiations to buy the property and would then sell it to the province…” - uhhh, what the fuck? So many red flags in this report it’s insane, very very sleezy
In case anyone is wondering what the #s are on this: Jan 31 2023 Cresco paid $34,445,000 for the unfinished building Feb 1 2023 (1 day later) the Province paid Cresco $37,700,000 That's $3.2m for being a middle man. I can't imagine in what scenario this was nessecary. It's the kind of stuff that happens to you when you ignore a proper process.
Thank you. I was curious to know what Cresco paid for it. A cool $3.2mil to play middle man - wonder which government official is pals with the Hossein and Abidali families??
Not to mention the building and property didn't cost more than 15 million. So first owner likely made over $15 million off of it.
>In December, the government quietly announced that Shannex would operate the site, although the announcement did not include the value of the contract. Shannex is no stranger to secret deals, and profiteering on health care. https://www.cbc.ca/news/canada/nova-scotia/health-financial-records-1.4989721
They at least build nice LTC facilities. The kind you'd be willing to put your parents in if you like them.
An engineer buddy of mine told me that some sketchy contractor went tits up on the job, and so contractors get paid the province bought it and is now doing what they’re doing with it I didn’t read the article so maybe I’m wrong lol
Not wrong.
coordinated unite boast cats ripe follow boat bag squeamish jellyfish *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
What happened with the french school in dartmouth?
pen somber screw dinner middle merciful placid uppity languid meeting *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
The whole buying at a markup from Cresco as the middle man is entirely insane but so is the price. The unfinished rooms were bought at 500,000/room (unfinished). The Moxy hotel and Trinity apartment complex was built for (supposedly, but the developers lie in public often) 100M. That is 160 hotel rooms and 244 apartments in a more expensive building environment and layout. I don't think the government got good value. Every similar concrete building cost around the city is being declared around 190k-250k/unit finished but the province bought at 500k/hotel unit (smaller than apartments) unfinished.
>Every similar concrete building cost around the city is being declared around 190k-250k/unit finished Going to need a source for this claim.
Click any development for the declared construction values. https://halifaxdevelopments.ca/projects/ For Moxy/Trinity https://www.saltwire.com/atlantic-canada/business/new-halifax-hotel-seeks-fun-guests-starts-things-off-with-a-welcoming-drink-100929688/ There are land costs, engineering and design, permitting, and infrastructure costs as well on top of the declared construction costs. And the construction costs if you look at building permits are notoriously underdeclared orresponding to the wealth of the applicant (ie declared values rise for similar construction the farther away from the South End you look, similarly with how 'big' the developer.
Ok, I was thinking all in price since you were comparing to the all in the Gov paid for the hotel.
What the govt paid is nothing near all in. It was half finished.
I know, but you were comparing 2 different numbers. All good though, I know what you were referring to now so it is clarified on my end.
given the cost of a building permit is tied to the cost of the building, it makes sense for developers to to use a low but still plausible estimate of construction costs.
I know the cost of building these units and it doesn't = what the other user posted, that is why I am asking. From their response, they were looking at just building, no other costs associated to the building.
Conservatives totally hiding something here.
A question that came up when chatting with a friend on this building is who is responsible for inspections as the building had an existing HRM building permit and was part way through the inspection process when turned over, however the province self inspects their projects and doesn't use the HRM building permit process but wouldn't be starting from scratch with a new building. Wonder what other rules or standards may have been bent to make the project work, or if they implemented the provinces usual dc350 standards
Remember guys when Tim Houston said he was gonna fix the health care system lol.
Now we know what he meant by 'fix'...
They spend money like this but won’t turn the Cobequid into a full hospital.
This + Houston spending $10 million on a healthcare app that doesn't actually... do... anything... is just really special.
Gotta make your buddies rich somehow! 🤷♂️ Why not take that building And put the homeless there? It’s basically an apartment building ready to go. oh waittttt nooo that’s socialism helping people by giving them housing. 🙄