Winnipeg Free Press Newspaper Archives Jul 6 2015, Page 13

Low-resolution version. To view a high quality image

Start Free Trial
Winnipeg Free Press (Newspaper) - July 6, 2015, Winnipeg, Manitoba C M Y K PAGE B1 birchwoodlexus. ca BIRCHWOOD LEXUS | 70- 3965 Portage Ave, Winnipeg, MB ( 204) 889- 3700 * 2015 IS 250 F SPORT Series 1/ 2015 RC 350 F SPORT Series 2/ 2015 NX 200t F SPORT Series 1 shown: $ 44,330/$ 64,404/$ 54,180. ^$ 500/$ 1,750 Delivery Credit is available on the purchase/ lease of new Lexus 2015 RC 350/ 2015 IS 250 sedan models only, and will be deducted from the negotiated purchase/ lease price after taxes. Limited time offer is subject to change or cancellation without notice. * Lease offers provided through Lexus Financial Services, on approved credit. * Representative lease example based on a 2015 IS 250 RWD sfx ‘ A’ on a 39 month term at an annual rate of 0.9% and MSRP of $ 41,230. Monthly payment is $ 399 with $ 5,350 down payment or equivalent trade in, $ 0 security deposit and first monthly payment due at lease inception. Total lease obligation is $ 20,928. 65,000 kilometre allowance; charge of $ 0.20/ km for excess kilometres. * Representative lease example based on a 2015 RC 350 AWD sfx ‘ B’ on a 39 month term at an annual rate of 1.9% and MSRP of $ 58,054. Monthly payment is $ 649 with $ 6,280 down payment or equivalent trade in, $ 0 security deposit and first monthly payment due at lease inception. Total lease obligation is $ 31,607. Additional $ 650 charge for Infrared paint colour shown. 65,000 kilometre allowance; charge of $ 0.20/ km for excess kilometres. * Representative lease example based on a 2015 NX 200t sfx ‘ A’ on a 39 month term at an annual rate of 2.9% and MSRP of $ 44,781. Monthly payment is $ 499 with $ 5,040 down payment or equivalent trade in, $ 0 security deposit and first monthly payment due at lease inception. Total lease obligation is $ 24,520. 65,000 kilometre allowance; charge of $ 0.20/ km for excess kilometres. MSRP includes freight/ PDI ($ 2,045), Dealer fees, block heater ( up to $ 338), AC charge ($ 100), Tire charge ($ 20), Environmental Fees ($ 1.29) and Filters ($ 1). Taxes, license, registration ( if applicable), and insurance are extra. Lexus Dealers are free to set their own prices. Limited time offers only apply to retail customers at participating Lexus Dealers. Dealer order may be required. Offers are subject to change or cancellation without notice. Offers expire at month’s end unless extended or revised. See your Lexus Dealer for complete details. Dealer Permit # 0025 2015 IS 250 2015RC350 2015NX200t LEASE PAYMENT $ 399 * THE SUMMER OF LEXUS GO ON A POWER TRIP. CASHPURCHASE $ 37,900 * LEASE PAYMENT $ 649 * CASHPURCHASE $ 57,650 * LEASE PAYMENT $ 499 * CASHPURCHASE $ 41,450 * F SPORT Series 1 shown F SPORT Series 2 shown F SPORT Series 1 shown Reinventing libraries / B4 CITY & BUSINESS CITY EDITOR: SHANE MINKIN 204- 697- 7292 I CITY. DESK@ FREEPRESS. MB. CA I WINNIPEGFREEPRESS. COM MONDAY, JULY 6, 2015 B 1 A JOINT venture between the City of Winnipeg and Terracon Development has fallen apart, killing a new business park slated for St. Boniface and threatening the replacement of a Parmalat dairy plant. In 2013, city council approved a plan for the city to partner with Terracon to develop 237 acres of vacant city land alongside the Winnipeg aqueduct. Part of the land, which sits south of the Waters Business Park and St. Boniface Industrial Park, was once slated for the construction of the ill- fated OlyWest hog plant. The joint venture, dubbed Prairie Industrial Park, was supposed to allow Winnipeg to compete with new industrial parks sprouting up in neighbouring municipalities by offering services unavailable outside the city, such as fire protection and sewers. The park was supposed to generate $ 34 million in property taxes for Winnipeg over 16 years and “ help stem the exodus of tax dollars to the rural municipalities,” according to a report approved by council in January 2013. Two years later, the joint venture is all but dead. This morning, city council’s property and development committee will consider a motion to rescind the jointventure agreement and figure out what to do with the city land. Negotiations between the city and Terracon over the final terms and conditions of the agreement “ have come to a stalemate and will not proceed,” real estate division manager John Zabudney wrote in a brief report, published by the city Friday evening. “ It’s a difficult piece of property, that’s for sure,” council property committee chairman John Orlikow ( River Heights- Fort Garry) said Sunday. Talks broke down because Terracon would not sign the agreement unless the private developer would be exempt from paying education taxes on the property, Winnipeg chief administrative officer Doug McNeil said. While the city can and would offer Terracon grants equal to the cost of municipal property taxes, the private company would have to pay the provincial portion of property taxes as soon as it occupies the land, McNeil said. Terracon was clear from the start it would not pay the provincial taxes, which would be equal to the firm’s profit on the business park, McNeil added. The city’s new CAO, who started earlier this year, said he is not certain why previous administrators approved a joint venture with Terracon knowing the firm’s demands could not be met. “ I think it was an oversight,” McNeil said Sunday. An official with Terracon could not be reached for comment. Transcona Coun. Russ Wyatt, whose ward includes the land, said the city has been thrust into the position of servicing and marketing the vacant land on its own. “ We don’t have the expertise or the ability within the real estate division to market these things. That’s exactly why we entered into the joint venture,” he said. “ Now, instead of a joint venture putting in services, we as the city are going to do it. It’s going to cost us millions.” Wyatt called on Mayor Brian Bowman to find a way to keep the joint venture alive — even if that means covering the cost of the education taxes. “ Process is important, but so is creating jobs and opportunity,” the councillor said. “ We have to show we’re a city that’s open to innovation.” Wyatt said Terracon was working on a deal that would result in Parmalat Canada replacing its dairy plaint in Old St. Boniface with a larger plant on a 20- acre parcel of Prairie Industrial Park. McNeil said the city is still working with Parmalat to secure a location for its new dairy plant. The city does not have any other large parcels of serviced industrial land to offer the dairy company now, he said. In 2013, the city decided against selling the 237- acre Prairie Industrial Park site outright because officials feared a developer would let it sit undeveloped while the city desperately needed more serviced industrial land. The failed joint venture would have yielded 185 acres of usable land, after a retention pond and an access road were built, McNeil said. Previous joint ventures between the city and private firms such as Terracon succeeded because they involved residential land, which gets developed faster than industrial land, McNeil said. bartley. kives@ freepress. mb. ca City industrial park scrapped Mazenod Rd. Plessis Rd. De Baets St. RayMarius Rd. Camiel SysSt. Camiel SysSt. Paquin Rd. Beghin Ave. Waters Dr. Elizabeth Rd. Twin Lakes Dr. N The vacant land ( in green) that the city and Terracon hoped to develop into an industrial park. New Parmalat dairy plant in jeopardy By Bartley Kives Standing room only A man watches the Goldeyes baseball game while standing on his bike on Waterfront Drive Saturday. Today, expect more hazy conditions and a daytime high of 17 C. TREVOR HAGAN/ WINNIPEG FREE PRESS B_ 01_ Jul- 06- 15_ FP_ 01. indd B1 7/ 5/ 15 10: 26: 55 PM

Search all Winnipeg, Manitoba newspaper archives

All newspaper archives for July 6, 2015

Browse