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The Sky is Falling!

October 10, 2011 admin

Oh dear! The Sky is Falling! The Sky is Falling!

..oh, wait. Nope, that’s just water falling through the new roof at BC Place.

Stadium general manager Howard Crosley said a leak before the game sent eight workers onto the roof and several other leaks sprang up during the football contest.
“We did a number of temporary seals to get us to opening day, but there is still some more work to be done up there,” Crosley said. “It’s a welding process between two pieces of … fibreglass.
“Weather permitting, we hope to have that work completed in the next two weeks.”
Other than that, the renovated stadium is functioning normally, Crosley said, and only minor touchups will be needed from now on.
As for why 20 per cent of the concession workers didn’t show up for the stadium’s inaugural game last weekend, Crosley said some employees showed up for the one day of training and then decided they did not want the job.
More than 120 new employees have since been hired to fill the need, he said.

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kits girlz

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Crosley said. “It’s a welding process between two pieces of … fibreglass.

It is not welding process, it is corruption that allowed unskilled contractors to win the contract.

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Yalie

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As much as it concerns me that downtown Vancouver now looks like the landing site of an alien mother ship, I'm not too worried about a few leaks. The roof upgrade was a major engineering project, and these things happen. Give it a few months – if we're still leaking, then we'll know we have a problem.

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painted turtle

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I read today that La Nina can happen two years in a row. Very unusual, but this is the forecast for the coming winter: rain, rain and more rain. Let's see who will still be living in the Best Place on Earth by June 2012 🙂

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stagnate

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they should have put a rolling roof on it like safeco field. easements in place and engineering doable. much cheaper. the maintenance cost on the new roof is going to be through the roof, forgive the pun. jesse can you do your thirty hours of research on this and then get back to us? ha ha

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Anonymous

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Big deal. It's not finished yet. Why is this the headline article? Because it's cool to hate Vancouver?

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jesse

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@stagnate: I kinda like it. Keynesian stimulus. I expect the drainage issues will be solved but imagine if it chronically leaks, man that's not good for the BC Liberals 🙁

On that area, Greenhorn posted Global footage on the development of NE False Creek. A few highrises, looks like lots of parkland. The viaducts might be coming down too, so that whole area may be rejigged.

There are more than a few vacant sites to build in the next few years, all they need are people to buy them.

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domus

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Sorry, just reposting from the previous thread. I am curious to know whether people have any names to suggest. _________________ The discussion about agents’ incentives is interesting. I think nobody would stop you from contacting a lawyer/notary and negotiating with him/her a pay schedule. You could agree on an hourly rate plus some final payout in case the sale goes through. The payout could be madea direct function of any discount you get on a listed price: i.e., you could tell your lawyer/notary that he can keep 30% of any discount you get on the listed price. My question is: do you guys know of any lawyers/notary who do this kind of job for RE? I am not talking about the final stage due diligence (e.g. liens’ checks) but also the previous stage checks (e.g. strata regulations, special assessments, any… Read more »

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Ziggy Strawdust

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@Anonymous: Don't like the posting topic?

Stop complaining and make your own:
http://vancouvercondo.info/submit

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real_professional

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The death OF MLS Data!

News: Teranet – National Bank Home Price index will be expanding.

The index will be extended to 5 additional cities, Victoria, Edmonton, Winnipeg, Hamilton, and Québec City.

They are also preparing a phase 3 where sub-indices will be developed (by price tiers, house types, neighborhoods). These sub-indices will be available on a subscription basis only.

Also available now is some of the underlying data to the index.

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Anonymous134282

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Good news, the roof was fixed:
http://tinypic.com/r/1zvttte/7

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specialfx3000

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High price tag, shoddy workmanship, and it leaks; Vancouver BC, you gotta be here.

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real_professional

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Updated volume chart.

http://vancouvercondo.info/forum/topic/tsx-vs-rea…

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Anonymous

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@specialfx3000:

It doesn't leak, it's not defective – it hasn't been finished yet.

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kits girlz

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"OTTAWA – A new study suggests that debt may be becoming a bigger problem for older Canadians and not just the young….

It says part of the phenomenon may be that older Canadians have been lured by low interest rates into buying property."

http://ca.news.yahoo.com/everyone-taking-more-deb…

well well, who was that claiming few weeks ago on this board that the bubble is result of 20-th and 30-th something kids going into bidding wars. well we can see now that baby boomers are not that innocent either.

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Anonymous

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Maybe they could flip it upside-down and make a fast ferry out of it.

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Anonymous

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@specialfx3000: ….High price tag, shoddy workmanship, and it leaks; Vancouver BC, you gotta be here.

You left out: a stupid and ugly design.

And, why a city with 320 days of rain in a year needs a stadium with a retractable roof is beyond me. Didn't they build BC place the first time to get out of the rain? Good Grief

Best place on earth – to smoke weed!

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registered

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14 kits girlz Says: "well we can see now that baby boomers are not that innocent either."

To keep it simple, the high debt levels among Boomers has been known and posted about for years. Thornberg elaborated on it in his classic 2006 analysis of the California RE market. Boomers are also far and away more likely to come into the real estate market with collateral, so they're far less likely to require CMHC backing. CMHC exposure to a correction and the potential harm to the federal balance sheet is the point, not some infantile inter-generational pissing match. Hope that helped.

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registered

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16 Anonymous Says: "And, why a city with 320 days of rain in a year needs a stadium with a retractable roof is beyond me."

Bonus irony points: if rain starts when the roof is open, it stays open until the rain stops. No closing in the rain.

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Anonymous

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@fixie guy: Good thing it doesnt rain that often here eh?

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specialfx3000

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@Anonymous:
http://www.bcplacestadium.com/index.php/news-rele…
"BC PLACE OPENS ON TIME, ON BUDGET"

By definition, at that time, they are finished. Now it leaks, that's a defect.

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space889

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@fixie guy: Yes, that's was an awesome bonus point that makes the $500M price tag such a good deal!

Also 1 year warrenty on the roof! Want's the odds that the roof will fail spectacularly and BC Place under a tarp right after the warrenty period? 🙂

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space889

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@fixie guy: And what, they aren't going to be crying for a bailout? Remember seniors which these boomers are fast becoming votes and I don't expect them to be very altruistic. So expects lots of votes pandering to them because you need votes to get elected and they are the largest voting block.

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Anonymouse

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@specialfx3000: "By definition, at that time, they are finished."

Not, it means it opened on time – exactly as it says. They knew this work remained but need 10 days of dry weather before they can do it. It says this in the Province's article :

http://www.theprovince.com/news/Place+roof+leaves…

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patriotz

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@space889:

There will be no bailouts regardless of how many people may be crying for them. The money is not there now and it will be even less there in the future.

Of course I mean bailouts of homedebtors, not banks.

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Anonymous

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Going back to buyers agent invectives (from the Friday FFA), why not work out a per viewed piece rate, with a set fee for negotiating the deal and an under list commission incentive? Ie. each property he finds, that you're actually interested in going to look at, he gets $100. This keeps him focused on properties that you'll actually be interested in, and that fit your requirements. He finds them and arranges convenient viewing. When you find a place, he knows that he's getting paid for the negotiations either way, but that there's a little extra cash in it, if he can drive the price down as low as possible. Only prob I see is that he might stay away from stuff listed under market to generate crowds, since they typically go for over list, but if it's an easy… Read more »

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The Sky is Falling!

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