'Already struggling' Calgary downtown core will be hit hard by job cuts from Cenovus-Husky merger

The vacancy’s effects are clear enough, even just looking around. The Plus 15s, the nearly 16 kilometres of pedestrian walkways with 83 bridges that connect buildings in downtown Calgary, are practically deserted.AdvertisementIn Calgary’s specific case, much of that premiere downtown real estate is — or was — occupied by oil and gas giants.

Commercial realtors in Calgary have seen some companies outside the oil and gas industry take advantage of lower costs and lease additional space in recent months. The lack of commuter traffic affects revenues from parking, or bus tickets and passes, for example. And, obviously, having fewer people in office spaces affects other businesses downtown, whether that’s cultural groups and non-profits or bars and restaurants. There has also been an increase in crime downtown, said Woolley.

“It’s an unfortunate thing, because, the timing being such, the pandemic has affected everyone in Calgary and certainly in Alberta,” Ball said. “For non-profits it means there’s been an increase in the demands for their services.”“Of course people working downtown creates a vibrancy 5 to 7 and 7 beyond for bars and restaurants and also live in-person events and so the arts sector is tied to, in some ways, the vitality of the downtown core.

Husky Oil continues to make money for eastern elite at Canadians expense . Keep supporting Kinney cause he’s the man.

Its already been hard hit by its mayor who is a total loon.....

Amazing anyone would want to buy into this industry with the liberals in power, seems idiotic. You know if he stays in power it's completely lost.

Really? Already dead and buried. Those you see are wearing useless masks and cannot even smile at you.

It’s astounding how fast the quality of life changed in Alberta.

nenshi liberal mayor who strokes Trudeau’s hair as well as his anti/resource policies....

Just imagine if this was happening in Montreal.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Markets expected to take measure of Cenovus-Husky deal as earnings season beginsCalgary oilpatch investors are expected to take stock of a mega-merger between oilsands heavyweights Cenovus Energy Inc. and Husky Energy Inc. as stock markets open this morning.
Источник: CTVNews - 🏆 1. / 99 Прочитайте больше »

Major Layoffs Headed For Calgary After Cenovus, Husky MergerThe largest Canadian energy industry merger in years will result in more than 2,000 job cuts. Better give the industry another 500 million in tax payer dollars maybe that will help.
Источник: HuffPostCanada - 🏆 61. / 53 Прочитайте больше »

Relistings disguise Toronto’s chaotic condo marketIn a tumultuous market, downtown realtors are trying every strategy in the book
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »