U of Winnipeg development agency asks city for more storeys
The University of Winnipeg's arm's-length development agency is appealing a City of Winnipeg decision to limit the height of a residential tower planned for the former site of the Civic Centre Parkade.
According to a report published Tuesday, the University of Winnipeg Community Renewal Corporation will appear before city council's property committee on July 14 in an effort to increase the height of a King Street tower — one of four proposed buildings in a redevelopment project called the Market Lands.
The site in question sits between Red River College Polytech's downtown campus and city hall. Two buildings on the south side of the redevelopment are already under construction where Winnipeg's police headquarters used to stand.
Two more are planned for the north side, where the parkade used to be, including a 148-unit residential tower where roughly two-thirds of the suites would be rented out below median market rates.
The renewal corporation sought to build a 51-metre tower, but city planners restricted the height to 30 metres, proposing the developer add height to another tower to make up for the loss of proposed units.
In a report to city council's property committee, city planner Kurtis Kowalke called the proposal for a 51-metre tower "a design preference" rather than a requirement.
The renewal corporation argues the additional height is needed to ensure there is more affordable housing in Winnipeg.
"It's designed to meet the needs of communities typically underserved by the private housing market, including Indigenous peoples, newcomers, women with children and young people," Daneeka Abon, the corporation's portfolio manager, wrote in her appeal letter.
Last EPC meeting before summer break
In its final scheduled meeting before city hall's summer prorogation, council's executive policy committee voted Tuesday to reject a proposal to allow Winnipeg residents to opt out of the installation of new "smart" water meters that will transmit water usage data using radio waves.
EPC voted 4-2 to reject the proposal. Couns. Ross Eadie (Mynarski) and Vivian Santos (Point Douglas) wanted to offer a concession to Winnipeg residents who prove they have a medical reason to exempt themselves from being exposed to radio waves.
The committee also voted 5-1 to approve a plan to take nine months to conduct consultations about a divided bike lane on Wellington Crescent and design a permanent separation between bicycles and cars on the motorway.
Charleswood-Tuxedo-Westwood Coun. Evan Duncan voted against the motion, which dozens of Winnipeg cycling advocates opposed due to the time it will take to actually build the lane.
Mayor Scott Gillingham said Tuesday he wanted to ensure the city does not build something in haste and then be forced to dismantle it.
There have been calls for the bike lane since cyclist Rob Jenner, 61, was killed on Wellington Crescent just east of Academy Road in June 2024 as he was cycling to work. He was hit by a speeding motorist who lost control of his vehicle.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Global News
7 minutes ago
- Global News
B.C. asks PM Carney to keep softwood on radar as tariff deadline looms
B.C. Premier David Eby says the federal government cannot forget about the fate of British Columbia's softwood lumber industry as the deadline for a trade deal between the United States and Canada is hours away. Aug. 1 is the deadline the United States has set for a trade deal with Canada, and Eby says he hopes his province's softwood lumber industry remains on the 'radar' of Prime Minister Mark Carney as Ottawa continues negotiations. 1:59 No word on Canada-U.S. trade deal progress, as Trump's deadline nears Eby told an unrelated news conference that the industry has been the 'canary in the coal mine' signalling American protectionism, saying Canadian softwood exports have been subject to 'unfair duties' for the 'better part of almost two generations,' well before the current trade dispute triggered by U.S. President Donald Trump. Story continues below advertisement But Eby says the dispute's long-standing nature does not mean the industry 'should be ignored,' and resolving it could actually help broker a larger deal. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The industry faces combined duties of 34.94 per cent, after the U.S. Department of Commerce hiked anti-dumping duties to 20.56 per cent. While other industries such as Ontario's automobile sector are important, Eby says the prolonged length of the softwood lumber dispute and pre-existing duties should not lead to the assumption that the industry is not a 'priority.'
National Post
7 minutes ago
- National Post
Gold Reserve Closes US$30M Private Placement
Article content PEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ('Gold Reserve' or the 'Company') is pleased to announce the closing of its previously announced best efforts private placement of common shares of the Company (the 'Common Shares') at a price of US$3.10 per Common Share, including the full exercise of the over-allotment option, of 9,677,500 Common Shares for gross proceeds of approximately US$30,000,250.00 (the 'Offering') with Cantor Fitzgerald Canada Corporation ('CFCC') as sole agent and bookrunner. Following the Offering, there are a total of 122,714,914 Common Shares issued and outstanding. Article content In connection with the Offering, the Company has paid CFCC a cash commission totaling US$1,215,045.00. Net proceeds from the Offering are expected to be used for expenditures related to the Company's previously announced credit bid submitted for the common shares of PDV Holdings, Inc. ('PDVH'), the indirect parent company of CITGO Petroleum Corp. (the 'Bid'), and for working capital and general corporate purposes. Article content Any Common Shares sold to investors outside of Canada were sold pursuant to OSC Rule 72-503 and subject to compliance with applicable securities laws, will be free from resale restrictions under applicable Canadian securities laws, provided that the trade is not a 'control distribution' (as defined in National Instrument 45-102 – Resale of Securities). Article content A copy of the agency agreement in respect of the Offering will be filed on the Company's profile at Two insiders of the Company acquired a total of 3,774,000 Common Shares for gross proceeds of US$11,699,400. Such participation will each be considered a 'related party transaction' within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The related party transactions are exempt from the valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the related parties does not exceed 25% of its market capitalization. Article content This release contains 'forward-looking statements' within the meaning of applicable U.S. federal securities laws and 'forward-looking information' within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve's and its management's intentions, hopes, beliefs, expectations or predictions for the future. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. They are frequently characterized by words such as 'anticipates', 'plan', 'continue', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'may', 'will', 'potential', 'proposed', 'positioned' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements contained in this press release include, but are not limited to, statements relating to the Bid or the Offering. Article content We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual events, outcomes or results of Gold Reserve to be materially different from our estimated outcomes, results, performance, or achievements expressed or implied by those forward-looking statements, including but not limited to: failure to obtain any necessary regulatory approvals in connection with the Offering; the completion of the Offering and the closing thereof; that the proceeds obtained under the Offering or will be less than expected; the failure of the Company to negotiate or enter into any agreements required for the Offering; the discretion of the Special Master to consider the Bid, to enter into any discussions or negotiation with respect thereto; the Bid will not be approved by the Court as the 'Final Recommend Bid' under the Bidding Procedures, and if approved by the Court may not close, including as a result of not obtaining necessary regulatory approvals, including but not limited to any necessary approvals from the U.S. Office of Foreign Asset Control ('OFAC'), the U.S. Committee on Foreign Investment in the United States, the U.S. Federal Trade Commission or the TSX Venture Exchange; failure of the Company or any other party to obtain sufficient equity and/or debt financing or any required shareholders approvals for, or satisfy other conditions to effect, any transaction resulting from the Bid; that the Company may forfeit any cash amount deposit made due to failing to complete the Bid or otherwise; that the making of the Bid or any transaction resulting therefrom may involve unexpected costs, liabilities or delays; that, prior to or as a result of the completion of any transaction contemplated by the Bid, the business of the Company may experience significant disruptions due to transaction related uncertainty, industry conditions, tariff wars or other factors; the ability to enforce the writ of attachment granted to the Company; the timing set for various reports and/or other matters with respect to the Sale Process may not be met; the ability of the Company to otherwise participate in the Sale Process (and related costs associated therewith Article content ) Article content ; the amount, if any, of proceeds associated with the Sale Process; the competing claims of other creditors of Venezuela, PDVSA and the Company, including any interest on such creditors' judgements and any priority afforded thereto; uncertainties with respect to possible settlements between Venezuela and other creditors and the impact of any such settlements on the amount of funds that may be available under the Sale Process; and the proceeds from the Sale Process may not be sufficient to satisfy the amounts outstanding under the Company's September 2014 arbitral award and/or corresponding November 15, 2015 U.S. judgement in full; and the ramifications of bankruptcy with respect to the Sale Process and/or the Company's claims, including as a result of the priority of other claims. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. For a more detailed discussion of the risk factors affecting the Company's business, see the Company's Management's Discussion & Analysis for the year ended December 31, 2024 and other reports that have been filed on SEDAR+ and are available under the Company's profile at Article content Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or persons acting on its behalf are expressly qualified in their entirety by this notice. Gold Reserve disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, subject to its disclosure obligations under applicable rules promulgated by applicable Canadian provincial and territorial securities laws. Article content Article content Article content
CTV News
37 minutes ago
- CTV News
‘We're always bracing:' Growing anxiety among restaurants as tariff deadline looms
As Friday's U.S. tariff deadline looms, many in the restaurant industry are left with uncertainty about what it means for their business. Costa Elles, the owner of Ela Greek Taverna, says the last few months have been a whirlwind. 'We're always bracing. It's obviously been a very tough time for the restaurant industry for the last five plus years. So, this is just another thing to worry about,' says Elles. He says his restaurant has already seen supply costs spike by five to 10 per cent. 'The main issue we are facing is always the pricing. You don't know whether something is going to come in under $40 a case or $80 a case,' says Elles. 'Having to reprint menus… a cost of $5,000 every time you do that.' It's a reality he says leaves him with a unique challenge. 'Not only do we face a price increase in the products that we buy in the raw materials, we now have to look at our employees and give them a little bonus as well, because they themselves are facing tough times when they go to the stores,' says Elles. 'So that uncertainty is really causing us to have some sleepless nights.' With the looming tariff deadline, Restaurants Canada says hope is running thin for those in the food sector. 'Until we know for sure if there's going to be a delay again, the anxiety remains in the air because indeed, if there are tariffs on both sides of the border on these products, it will be felt across the board,' says Janick Cormier, Restaurants Canada's Atlantic vice-president. In an industry that relies on planning and stocking products ahead of time, restaurants are now left watching from the sidelines, as another wave of uncertainty unfolds. 'Stability is really important for us. Whether it's going to come on Friday, whether its going to be extended... you know we're bracing for that,' says Elles. For more Nova Scotia news, visit our dedicated provincial page
