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Chowda7 said:
Not sure where to put this but Imperial has sold their campus https://calgaryherald.com/business/local-business/imperial-oil-reports-q3-earnings
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My reply has little to do with urban development but as we struggle to create jobs (the thing that props up our system), is there an appetite to remove subsidies and/or exemptions from these corporations moving jobs out of the country? My line of thinkings comes from what the feds have done to GM and Stellantis by removing the advantages they got for the jobs they maintained/created in Canada?

Imperial Oil is likely to benefit from the Pathways Alliance's (likely) federal subsidy, yet they've reduced their contribution to our society. Maybe the downstream effects of them continuing to operate in the country and province are worth it, so maybe they are not the best example, but shouldn't we be rewarding those companies create jobs that allow us to (mostly) maintain our way of life and punish those who don't?

Now, maybe this does have to do with urban development, but I assume the funded Green Line might've made this purchase a little more palatable for the buyer. If so, the line could already be starting to serve its purpose of city building. There are also a few other developments around here (off 24th Street and Glenmore, four Deville Towers, and the development near Douglas Glen's Station) that are happening because of the Green Line.
 
Chowda7 said:
Not sure where to put this but Imperial has sold their campus https://calgaryherald.com/business/local-business/imperial-oil-reports-q3-earnings
Click to expand...
That happened relatively quickly, considering it may not be that easy to lease the space given the size (whatever Imperial is not using anymore).

CalgaryTiger said:
My reply has little to do with urban development but as we struggle to create jobs (the thing that props up our system), is there an appetite to remove subsidies and/or exemptions from these corporations moving jobs out of the country? My line of thinkings comes from what the feds have done to GM and Stellantis by removing the advantages they got for the jobs they maintained/created in Canada?

Imperial Oil is likely to benefit from the Pathways Alliance's (likely) federal subsidy, yet they've reduced their contribution to our society. Maybe the downstream effects of them continuing to operate in the country and province are worth it, so maybe they are not the best example, but shouldn't we be rewarding those companies create jobs that allow us to (mostly) maintain our way of life and punish those who don't?

Now, maybe this does have to do with urban development, but I assume the funded Green Line might've made this purchase a little more palatable for the buyer. If so, the line could already be starting to serve its purpose of city building. There are also a few other developments around here (off 24th Street and Glenmore, four Deville Towers, and the development near Douglas Glen's Station) that are happening because of the Green Line.
Click to expand...
There are almost never direct subsidies in the form of funds transfers, almost all of the government incentives are in tax credits for this exact reason. The Stellantis package was bad, especially given they were particularly bad at EVs but that's beside the point. It was tax breaks so they pay less tax on the production done here, the logic being, if no production is done here, no taxes, if the production is done here with some tax breaks, they'll collect some tax and workers will have jobs and pay taxes as well. I'm not familiar with the Pathways Alliance structure but it is almost certainly tax breaks, which they still might be eligible for, if the oil is extracted from the oil sands.

I'd also keep these job announcements in context of the overall labour market. These are very small number of jobs, and layoffs/hiring across Alberta probably exceed this on a daily basis, there's just no press release so it gets blended in the overall Statscan number. Full time employment is on a general upward trend, with a slightly elevated unemployment rate due to the economic situation, population growth, and oil, but employment is growing steadily.
 
FCC1982 said:
I am boycotting Imperial (Esso) just as a personal choice, I know it’s less than a drop in the ocean.
They were the last major oil company to move their headquarters to Calgary back in the day and then they decided to build a suburban campus rather than a downtown tower. Always irritating 😡
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I have been boycotting them for years, basically ever since Exxon forced the campus move. At the time I realized they were nothing more than an extension of Exxon. Same for Shell, they aren't any better. I usually try and use Petro Canada or Centex.
 
Somehow missed this but renders for the new Walden fire station + library, architect is hcma and HEREBY:

C04_EXT_AERIAL_SIGNAGE_3 (1).jpg
Walden_Fire_Station_and_Library__-_Exterior_Library_View_-_2025.07.08.png
C02_EXT_FIREHALL_SIGNAGE_FINAL_1.jpg
 
I see the fact that Imperial found a buyer for its campus so quickly after bailing on Calgary (and fuck you, Imperial BTW) as a really positive sign for our economy. It's making me wonder if a company is looking for a huge amount of contiguous space in Calgary which is hard to find, even with our higher vacancy rate?
 
I'm surprised at how fast the sale went through, considering the anchor tenant is leaving. Maybe the buyers already have a tenant in mind, maybe the price was very low?
I would say from a long term viewpoint, the campus buildings still have some potential. QP continues to build up with business and residents, and now has at least a decent timeline for getting an LRT station.
 
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