This information is from the March 2008 BC Major Projects Inventory.
Langley Airport Expansion
Status: Construction started Start: Sep 2007
Est. Cost ($ million): 20 Finish: Late 2008
Willoughby Community Recreation Centre
Status: Construction started Start: Fall 2007
Est. Cost ($ million): 56 Finish: Late 2008
South Village Condominium Development
Status: Construction started Start: May 2007
Est. Cost ($ million): 40 Finish: 2009
North East Gordon Estates Residential Development
Status: Construction started Start: Fall 2007
Est. Cost ($ million): 80 Finish: 2010
The Village at Thunderbird Centre
Status: Construction started Start: Late 2005
Est. Cost ($ million): 50 Finish: Sep 2009
Gateway 200 Business Park
Status: Construction started Start: Summer 2004
Est. Cost ($ million): 20 Finish: 2010
Golden Ears Bridge
Status: Construction started Start: Jun 2006
Est. Cost ($ million): 808 Finish: Summer 2009
Bedford Landing
Status: Construction started Start: Late 2006
Est. Cost ($ million): 400 Finish: 2009
Total major projects currently underway just in Langley: 8
Cost of major projects currently underway just in Langley: $1,454,000,000
Majority of work is complete by late 2008.
What happens when all those projects finish, all the money is spent and all the workers go home?
9 comments:
Mohican....whats happening along 208th near the freeway,where every house on the block was for sale. I was visiting friends in walnut grove last x-mas and they were for sale, when I was by again in last week of march , only 1 or 2 had sold signs. Also SFH for walnut grove are at 148(last years high was 103 on may 24)This is the highest since I started tracking 2 years ago. Normally around 80-90 range.
Dave
Walnut Grove looks like it's tracking the overall trend for Langley and Abbotsford, which is roughly 40% more listings than this time last year. That's a pretty good bump; I wonder whether there will be a summer lull this year and how high listings will get in the fall.
What happens when all those projects finish, all the money is spent and all the workers go home?
Let's see:
Build new hospital in New West, build new Children's hospital in Vancouver, build new Vancouver City Hall, build "RAV" line to UBC from Commercial and last but definitely not least repair tens of thousands of leaky condos.
You can smell the fear of our leaders in the air when they make announcements about all of our future infrastructure upgrades. They obviously realize that they've built a house of cards and are desperately trying to protect it from its imminent collapse.
tony - Of the $1.5 Billion being spent in Langley - $900 Million of it is government expenditure.
This is my first post in a series which will detail the construction spending spree that is unmatched in precendence and will not be matched in the near future again thanks to the olympic spending.
Don't forget the nail gun repair industry!
...Incidentally, Mohican, I'll send you an email with a summary of my company's major capital projects. It includes projects only worth a few million dollars, most of which will be complete prior to 2010.
If you look at future construction expenditures (page 10 of 130) you can see what percent of the spend is moving away from the Lower Mainland. It is 51% of current project spend but only 30% of proposed project spend.
What gets built when all of this stuff is finished?
Quality projects, since only the best will be working. :)
Warren: at the end of a boom, the first workers to be laid off are the unreliable ones. Next in line are the experienced workers, because they command a high wage. The last ones to be laid off-- the ones who'll be developing the next set of buildings, are the young and inexperienced workers who can churn out product, but with dubious quality. We'll probably have to wait another 5-10 years or so before they have enough experience to be building with good quality...
I'm not so sure I agree with you.
Certainly some high-priced people will be laid off, but the good workers will stay. I think the quality is as good as you'll get.
That being said, always get an inspection, etc.
Post a Comment