https://twitter.com/DavidRayAmos/with_replies
David Raymond Amos @DavidRayAmos
Methinks Mayor Mikey and his cohorts have no idea who they are messing with I believe the Aquilini family can afford far more clever lawyers than the Trump Clan can N'esy Pas?
https://davidraymondamos3.blogspot.com/2019/01/methinks-walther-lauffer-and-i-should.html
#nbpoli#cdnpoli
https://www.cbc.ca/news/canada/new-brunswick/fredericton-hotel-developer-hilton-garden-1.4987538
CBC's Journalistic Standards and Practices
David R. Amos
Methinks Fredericton Mayor Brad Woodside and his buddy Randy Dickinson sang different tunes not all that long ago when they sold the turf for a loonie N'esy Pas?
https://www.cbc.ca/news/canada/new-brunswick/fredericton-hotel-deal-1.3269901
"People have asked us about spending the money because we have turned properties for $1, that's news for one day," Woodside said.
"The bigger news is when we start generating revenue, such as with the brewery over on the northside — that was an investment. All these things are investments."
Coun. Randy Dickinson was the only councillor who voted against the agreement on Tuesday.
"I have a problem in giving so much money to a private enterprise when we will not be owners of that facility, when we don't have money for hospice, we don't have money for homelessness, we don't have money for good transit services," Dickinson said.
"I think our priorities are a little out of whack."
Aquilini Properties is owned by the billionaire Aquilini family of Vancouver. The group also owns the Crowne Plaza across the street.
"We need development," Woodside said.
"We need a hotel."
Jonas Smith
David R. Amos
Methinks Mayor Mikey and his cohorts have no idea who they are messing with I believe the Aquilini family can afford far more clever lawyers that the Trump Clan can N'esy Pas?
https://www.cbc.ca/news/canada/new-brunswick/fredericton-withholds-money-1.4856453
"The City of Fredericton will be withholding a $250,000 performance bond from developer Aquilini Properties LP for its late completion of the Hilton Garden Inn, which opened in August.
At its regular council meeting on Tuesday night, city council voted unanimously to keep the money, which will go into the city's general fund.
"It helps our downtown, it helps our convention business, it helps bring more people to support our businesses," said Mayor Mike O'Brien."
David Raymond Amos @DavidRayAmos
Methinks Mayor Mikey and his cohorts have no idea who they are messing with I believe the Aquilini family can afford far more clever lawyers than the Trump Clan can N'esy Pas?
https://davidraymondamos3.blogspot.com/2019/01/methinks-walther-lauffer-and-i-should.html
https://www.cbc.ca/news/canada/new-brunswick/fredericton-hotel-developer-hilton-garden-1.4987538
Hotel developer wants $250K back from Fredericton
Hilton Garden developer says it shouldn't be penalized for delays beyond its control
A hotel developer in Fredericton is asking council to reconsider its decision to withhold a $250,000 performance bond because the new Hilton Garden Inn opened three months late.
Aquilini Properties LP never completed the construction of the hotel on Queen Street on time. As a result, council voted to keep the money last fall.
Originally scheduled to open in the fall of 2017, Aquilini Properties LP was granted an extension by city council to finish the project by May 2018.
But the company didn't hit that deadline either — and didn't open until August.
Walther Lauffer, vice-president of Aquilini Properties LP, called council's decision to withhold the money a "slap in the face."
"We essentially delivered on the project."
Lauffer said this was an unusual project with circumstances out of their control, including 40 weeks of delays, which started with the demolition of the buildings on the site.
"Traditionally, you don't necessarily find, when you excavate, 18 archaeology finds that needed to be catalogued, and needed to be looked after. Obviously we did."
In January 2017, hotel construction came to a halt when a man was killed while he was working on the building.
At one point during construction, Lauffer said, the company had to replace the contractor on the project because it looked as if construction wasn't going to be ready in time.
And the historic flood in April 2018 delayed the project by at least two weeks, according to Lauffer.
Lauffer said he was surprised when council voted last fall to withhold the performance bond because the timelines were subject to adjustment based on a force majeure condition in the development
agreement — meaning factors that were beyond reasonable control of the developer.
"We had communication with the city, staff, council — that here's the reasons why we delayed."
Lauffer made his case at Monday night's council-in-committee meeting.
No decision was made during the meeting, and the mayor didn't indicate if they would have another vote, but said council would take Lauffer's presentation into consideration.
Coun. Bruce Grandy said during the meeting that given the reasons for the delays, council should give Aquilini Properties LP's concerns some consideration.
"When you're in the middle of a project and you change contractors, you know you're going to have delays and that other contractor has to get up to speed," Grandy said.
Grandy also pointed to projects that the city has done and failed to meet timelines, as an example.
"When I look at our construction project on Regent and Queen, and it's supposed to be done at a certain time, and we impacted business much more than you [Aquilini Properties LP] did."
Lauffer said he doesn't know when he'll hear back from council it's too early to say if Aquilini Properties LP will consider legal action.
The company also owns the Crowne Plaza Fredericton-Lord Beaverbrook across the street from the Hilton Garden Inn.
Lauffer said he doesn't know how this will impact future developments in New Brunswick's capital city.
"I don't think a message like this needs to be talked about openly to other developers because obviously it would not be something that other developers would appreciate."
Aquilini Properties LP never completed the construction of the hotel on Queen Street on time. As a result, council voted to keep the money last fall.
Originally scheduled to open in the fall of 2017, Aquilini Properties LP was granted an extension by city council to finish the project by May 2018.
But the company didn't hit that deadline either — and didn't open until August.
Walther Lauffer, vice-president of Aquilini Properties LP, called council's decision to withhold the money a "slap in the face."
"We essentially delivered on the project."
An unusual project
Lauffer said this was an unusual project with circumstances out of their control, including 40 weeks of delays, which started with the demolition of the buildings on the site.
"Traditionally, you don't necessarily find, when you excavate, 18 archaeology finds that needed to be catalogued, and needed to be looked after. Obviously we did."
In January 2017, hotel construction came to a halt when a man was killed while he was working on the building.
At one point during construction, Lauffer said, the company had to replace the contractor on the project because it looked as if construction wasn't going to be ready in time.
Lauffer said he was surprised when council voted last fall to withhold the performance bond because the timelines were subject to adjustment based on a force majeure condition in the development
agreement — meaning factors that were beyond reasonable control of the developer.
"We had communication with the city, staff, council — that here's the reasons why we delayed."
No decision was made during the meeting, and the mayor didn't indicate if they would have another vote, but said council would take Lauffer's presentation into consideration.
Coun. Bruce Grandy said during the meeting that given the reasons for the delays, council should give Aquilini Properties LP's concerns some consideration.
"When you're in the middle of a project and you change contractors, you know you're going to have delays and that other contractor has to get up to speed," Grandy said.
Grandy also pointed to projects that the city has done and failed to meet timelines, as an example.
Lauffer said he doesn't know when he'll hear back from council it's too early to say if Aquilini Properties LP will consider legal action.
The company also owns the Crowne Plaza Fredericton-Lord Beaverbrook across the street from the Hilton Garden Inn.
Lauffer said he doesn't know how this will impact future developments in New Brunswick's capital city.
"I don't think a message like this needs to be talked about openly to other developers because obviously it would not be something that other developers would appreciate."
CBC's Journalistic Standards and Practices
Comments
Commenting is now closed for this story.
Samual Johnston
Commenting is now closed for this story.
Samual Johnston
The city has already given this company far more than they should have to compete in an already saturated market. cheap land - parking spaces and....???
David R. Amos
Methinks Fredericton Mayor Brad Woodside and his buddy Randy Dickinson sang different tunes not all that long ago when they sold the turf for a loonie N'esy Pas?
https://www.cbc.ca/news/canada/new-brunswick/fredericton-hotel-deal-1.3269901
"People have asked us about spending the money because we have turned properties for $1, that's news for one day," Woodside said.
"The bigger news is when we start generating revenue, such as with the brewery over on the northside — that was an investment. All these things are investments."
Coun. Randy Dickinson was the only councillor who voted against the agreement on Tuesday.
"I have a problem in giving so much money to a private enterprise when we will not be owners of that facility, when we don't have money for hospice, we don't have money for homelessness, we don't have money for good transit services," Dickinson said.
"I think our priorities are a little out of whack."
Aquilini Properties is owned by the billionaire Aquilini family of Vancouver. The group also owns the Crowne Plaza across the street.
"We need development," Woodside said.
"We need a hotel."
Jonas Smith
Time for Grandy to get on the side of the City that he's a councilor for.......
David R. Amos
@Jonas Smith Methinks he may save the City a lot of money in legal fees N'esy Pas?
David R. Amos
Methinks Mayor Mikey and his cohorts have no idea who they are messing with I believe the Aquilini family can afford far more clever lawyers that the Trump Clan can N'esy Pas?
https://www.cbc.ca/news/canada/new-brunswick/fredericton-withholds-money-1.4856453
"The City of Fredericton will be withholding a $250,000 performance bond from developer Aquilini Properties LP for its late completion of the Hilton Garden Inn, which opened in August.
At its regular council meeting on Tuesday night, city council voted unanimously to keep the money, which will go into the city's general fund.
"It helps our downtown, it helps our convention business, it helps bring more people to support our businesses," said Mayor Mike O'Brien."
David R. Amos
Methinks Walther Lauffer and I should talk ASAP N'esy Pas?
Les Cooper
John Montgomery
Harold Benson
DJ Redfern
Greg Smith
Dan Lee
CBC's Journalistic Standards and Practices
https://www.cbc.ca/news/canada/new-brunswick/fredericton-hotel-deal-1.3269901
30 Commnents 3 years ago Here is one thread
Jan
Crowne Plaza Fredericton Lord Beaverbrook Hotel Re-Opens At Full Service
Francesco Aquilini (born 1969) is a Canadian businessman, investor, and philanthropist. He is the managing director of Vancouver-based Aquilini Investment Group,[1] the parent company of several diverse subsidiaries. The company is best known for its ownership of the Vancouver Canucks and Rogers Arena, where Aquilini sits as Chairman and NHL Governor.
His father, Luigi Aquilini, emigrated from Travagliato, Brescia, Italy, to Vancouver in 1953. He started Aquilini Investment Group in the 1960s and is still active in the company operations and decision making. Having come to Canada from Italy in the mid-1950s, Luigi started his own construction company, working in East Vancouver during the 1960s and 1970s. In the 1980s, he bought and sold older buildings in Vancouver, Ontario and Quebec. He then began buying land to build new condominium towers.[4] Francesco and his two brothers, Roberto and Paolo, began working in the company during the 1980s and are now all Managing Directors.
Aquilini Developments, in partnership with the Gaglardi family, is the proponent of the proposed $2.6B Garibaldi at Squamish resort. The planning and approvals from the project have dragged on since 1996 and community opposition to the project has steadily grown.[13] On March 23, 2010, the BC province stated that the proponents had failed to provide enough information to earn the project a passing grade.[14]
On August 17, 2012 the Vancouver Sun reported rumours that Aquilini was contemplating the acquisition of Abbotsford Entertainment and Sports Centre and the land it occupies.[15]
The company previously owned one of the largest rental complexes in Canada, the West Edmonton village.[20]
Francesco is the Chair and primary sponsor of the Italian Gardens (Il Giardino Italiano) in Hastings Park.[23] His company has given significant support to the BC Children's Hospital.[24][25] Francesco is also a regular participant and contributor to the Boys Club Network, which provides mentorship for at-risk young men in BC.[26]
The Aquilini Investment Group also supports land conservation and wildlife habitat protection, including contributing to the purchase of the Codd Wetlands in Pitt Meadows to protect the area.[27] Additionally, a 104 hectare site adjacent to Blaney Bog Regional Park was renamed the Aquilini Land Conservancy to recognize their significant financial contribution that helped permanently protect the area.[23]
Under the Canucks brand, Francesco has hosted many charity groups at Canucks games and supports a number of charitable organizations, including: the Canucks for Kids Fund,[28] to support childhood health and wellness, with specific programs aimed at issues like childhood diabetes;[28] the Canucks Autism Network (CAN), which provides adaptive sports, recreational, social and arts programs for children, teens and young adults living with autism in British Columbia;[28] and the Canuck Place Children’s Hospice, which provides care for sick children in BC.[28]
In his early 20s, Aquilini married Dusty Martel, then a local radio personality at CFMI. They had one child but were soon divorced.[29]
"Francesco Aquilini, Chairman & Governor, NHL", NHL.com.
"Francesco Aquilini Speaker at WVCC Breakfast March 14, 2007 | Heritage Law Blog". Bcheritagelaw.com. Retrieved 2016-10-27.
"The Breakaway Shot", BC Business, October 9, 2008.
Posted by COS Admin (2009-01-15). "2011 Recipient: Luigi Aquilini – Vancouver : Order of BC". Orderofbc.gov.bc.ca. Retrieved 2016-10-27.
Court feud yields a rare look into Canucks' backroom dealing By Ian Mulgrew. Vancouver Sun, B1. May 8, 2007.
"Archived copy". Archived from the original on 2015-02-14. Retrieved 2012-08-09.
"King Edward Village - King Edward Village Real Estate Information". Kingedwardvillage.ca. Retrieved 2016-10-27.
"Archived copy". Archived from the original on 2012-08-18. Retrieved 2012-08-09.
"HugeDomains.com - MaynardsBlock.com is for sale". Maynards Block. Retrieved 2016-10-27.
Canada (2012-07-15). "Rental units proposed for Rogers Arena - The Globe and Mail". M.theglobeandmail.com. Retrieved 2016-10-27.
"Vancouver developer buys Moncton properties - New Brunswick - CBC News". Cbc.ca. Retrieved 2016-10-27.
posted May 1, 2012 at 8:00 AM (2012-05-01). "Falls golf resort to be 'resurrected,' says Aquilini - Chilliwack Progress". Theprogress.com. Retrieved 2016-10-27.
"Archived copy". Archived from the original on 2008-04-11. Retrieved 2012-08-09.
Scott Simpson (2010-05-19). "$2.9 billion Garibaldi at Squamish ski and golf resort troubles regulators | Vancouver Sun". Blogs.vancouversun.com. Retrieved 2016-10-27.
"Fraser Valley abuzz that Vancouver Canucks owner has designs on Abbotsford hockey team, arena". Vancouversun.com. 2012-08-17. Retrieved 2016-10-27.
[1][dead link]
[2]
Richard L. Johnson. "Aquilini Group Properties LP Opens 210-suite Embassy Suites by Hilton® in Downtown Montréal / August 2007". Hotel-online.com. Retrieved 2016-10-27.
"Arrested development". Financialpost.com. Retrieved 2016-10-27.
[3][dead link]
"Golden Eagle Group". Geberries.com. Retrieved 2016-10-27.
Proposed facility irks local residents[permanent dead link], Castlegar News, August 18, 2009
"Vancouver Canucks Francesco Aquilini - Vancouver Canucks - Team". Canucks.nhl.com. 2007-05-22. Retrieved 2016-10-27.
"Layout 1"(PDF). Retrieved 2016-10-27.
http://www.bcchf.ca/assets/AboutUs/20102011AnnualReport.pdf
https://vancouversun.com/sports/Billionaire+Canucks+owner+Francesco+Aquilini+just+another+from+hood+with+video/8203944/story.html
http://www2.news.gov.bc.ca/archive/2001-2005/2004wlap0029-000448.htm
http://canucks.nhl.com/club/page.htm?id=39758
David R. Amos
@David R. Amos It appears that he is a hard guy to talk to so I will call his boss later
Les Cooper
So how did this guy die?
Was it do to neglect of safety rules or just bad luck?
Was it do to neglect of safety rules or just bad luck?
David R. Amos
@Les Cooper That is not the issue of the article
John Montgomery
I don't believe we are really hearing all the details here. They should be reimbursed for the archeological finds...... provided those delays contributed to the fine at all. The other things seem to be problems with construction that should be the responsibility of the company doing the work.
David R. Amos
@John Montgomery YUP
Samual Johnston
@John Montgomery don't you think they should have accounted for the possibility of archaeological finds when diffing in a historic city? I say unless they did they should not be reimbursed for anything.
Harold Benson
2 late. already spent.
David R. Amos
@Harold Benson No doubt
DJ Redfern
I wonder how many large building projects the Mayor and councillors of Fredericton have been involved in......and completed "on time"
David R. Amos
@DJ Redfern Me Too
Samual Johnston
@DJ Redfern I wonder how many performances bonds the city has tried to wiggle its way out of? guessing none...
Greg Smith
This company wants their completion bonus after a supervisor was killed due to a fall from the top floor? If they weren't shut down for over a month following this lost time incident, they likely wouldn't have finished the project as late. To then turn around and demand their completion bonus is despicable.
David R. Amos
@Greg Smith Its not a bonus
Dan Lee
At one point during construction, Lauffer said, the company had to replace the contractor on the project because it looked as if construction wasn't going to be ready in time
I would give them a % for the excavation but the rest NO...........suck it up and do your job on time.......
I would give them a % for the excavation but the rest NO...........suck it up and do your job on time.......
David R. Amos
@Dan Lee So you say
John Creaghan
"The finds may have delayed us a little bit," said Walther Lauffer, vice president of hospitality for Atlantic Canada at Aquilini Properties. "But we're still on track for the build and hitting all our milestones." Delays were caused by something other than archaeological finds. They were already given an extension due to flood. City keeps the money.
David R. Amos
@John Creaghan We shall see about that
Don Julio
They already spent the money on cutting down trees in Officer's Square.
David R. Amos
@Don Julio YUP
Jason jeandron
Any time delays associated with the archaeological work definitely should not be a part of the consideration for fines. With so few projects in the City actually following the provincial and municipal requirements, it would be shameful for a project that is responsible, and looking out for our heritage, be docked for their efforts.
David R. Amos
@Jason jeandron Its not a fine
https://www.cbc.ca/news/canada/new-brunswick/fredericton-withholds-money-1.4856453
Fredericton withholds $250,000 from hotel developer for late completion
Aquilini Properties LP was granted an extension by the city and still ended up finishing late
The City of Fredericton will be withholding a $250,000 performance bond from developer Aquilini Properties LP for its late completion of the Hilton Garden Inn, which opened in August.
At its regular council meeting on Tuesday night, city council voted unanimously to keep the money, which will go into the city's general fund.
"It helps our downtown, it helps our convention business, it helps bring more people to support our businesses," said Mayor Mike O'Brien.
"By having it delayed a long time, it had a negative effect on all those issues."
However, as that date approached, Aquilini was still behind schedule.
In April 2018 Aquilini requested a second extension, which would have changed the completion date to Aug. 13. The city denied that request.
In a letter to the city, Aquilini Properties cited unusual weather conditions and changes in order to build "the next generation Hilton Garden Inn prototype".
In the letter, Aquilini said the delays were already costing them $20,000 for each week the project went past its original completion date.
Due to the late closure, the company had to make arrangements with other hotels for people who had planned to stay at the Hilton Garden Inn in May for a convention.
But O'Brien replied, "that's business."
"A company like Aquilini would know what the potential risks are," said the mayor, adding the city invested far more than it's getting back from the performance bond.
At its regular council meeting on Tuesday night, city council voted unanimously to keep the money, which will go into the city's general fund.
"It helps our downtown, it helps our convention business, it helps bring more people to support our businesses," said Mayor Mike O'Brien.
"By having it delayed a long time, it had a negative effect on all those issues."
- Fredericton secures new downtown hotel with $2.2M deal
- Man dies in fall from 4th storey of Fredericton hotel under construction
- New hotel deal for downtown Fredericton doesn't please all
However, as that date approached, Aquilini was still behind schedule.
In April 2018 Aquilini requested a second extension, which would have changed the completion date to Aug. 13. The city denied that request.
In the letter, Aquilini said the delays were already costing them $20,000 for each week the project went past its original completion date.
Due to the late closure, the company had to make arrangements with other hotels for people who had planned to stay at the Hilton Garden Inn in May for a convention.
Downtown investment
While the vote to keep the money was unanimous, one councillor was conflicted on the decision. Coun. Bruce Grandy was worried it might discourage other developers looking to build in the city.- String of business closures in downtown Fredericton worries some owners
- Fredericton hopes turning Queen Street block to 2-way will ease congestion
But O'Brien replied, "that's business."
"A company like Aquilini would know what the potential risks are," said the mayor, adding the city invested far more than it's getting back from the performance bond.
https://www.cbc.ca/news/canada/new-brunswick/fredericton-hotel-deal-1.3269901
Fredericton secures new downtown hotel with $2.2M deal
Coun. Randy Dickinson is lone vote against 8-storey, 120-room hotel deal with Aquilini Properites LP
Downtown Fredericton is getting a new hotel after council approved an agreement between the city and Aquilini Properties on Tuesday night.
The Hilton Garden Inn will be built beside the Convention Centre on Queen Street, a site the city bought for $800,000 three years ago, but sold to Aquilini for $1 as part of the hotel deal.
In total, the deal will cost the city about $2.2 million:
Despite all of the costs, the mayor said it is still a good deal for the city.
The city also projects the hotel will add about $1 million a year to the local economy for the next 10 years.
"People have asked us about spending the money because we have turned properties for $1, that's news for one day," Woodside said.
"The bigger news is when we start generating revenue, such as with the brewery over on the northside — that was an investment. All these things are investments."
The billionaire Aquilini family is not new to New Brunswick hotel developments.
In 2012, the development company purchased property in downtown Moncton, next to the Crowne Plaza, which it also owns. The Aquilini family's property is next to Moncton's planned downtown sports and entertainment complex.
The Aquilinis also own the Vancouver Canucks.
Coun. Randy Dickinson was the only councillor who voted against the agreement on Tuesday.
Aquilini Properties is owned by the billionaire Aquilini family of Vancouver. The group also owns the Crowne Plaza across the street.
"We need development," Woodside said.
"We need a hotel."
The city has been trying to get a hotel on the site for several years, with previous deals falling through.
The hotel will be eight storeys, have 120 rooms, a small restaurant and bar and a pedway to the convention centre.
Woodside said council has seen the initial plans.
"What we've seen is very tasteful and it keeps in with the convention centre, it's almost like it's a part of it," he said.
Final plans will be released in November.
The hotel is expected to open by the end of 2017.
CBC's Journalistic Standards and PracticesThe Hilton Garden Inn will be built beside the Convention Centre on Queen Street, a site the city bought for $800,000 three years ago, but sold to Aquilini for $1 as part of the hotel deal.
In total, the deal will cost the city about $2.2 million:
- $800,000 the city paid for the property in 2012
- $700,000 the city will contribute for site development
- 60 free parking spaces in the east end garage for 10 years at a cost of about $72,000 a year.
Despite all of the costs, the mayor said it is still a good deal for the city.
He said the hotel will generate $140,000 in property taxes each year and there will be about $160,000 in permits for the project.
"People have asked us about spending the money because we have turned properties for $1, that's news for one day," Woodside said.
"The bigger news is when we start generating revenue, such as with the brewery over on the northside — that was an investment. All these things are investments."
The billionaire Aquilini family is not new to New Brunswick hotel developments.
In 2012, the development company purchased property in downtown Moncton, next to the Crowne Plaza, which it also owns. The Aquilini family's property is next to Moncton's planned downtown sports and entertainment complex.
The Aquilinis also own the Vancouver Canucks.
Dickinson objects to funds for hotel
Coun. Randy Dickinson was the only councillor who voted against the agreement on Tuesday.
"I have a problem in giving so much money to a private enterprise when we will not be owners of that facility, when we don't have money for hospice, we don't have money for homelessness, we don't have money for good transit services," Dickinson said.
"I think our priorities are a little out of whack."Aquilini Properties is owned by the billionaire Aquilini family of Vancouver. The group also owns the Crowne Plaza across the street.
"We need development," Woodside said.
"We need a hotel."
The city has been trying to get a hotel on the site for several years, with previous deals falling through.
The hotel will be eight storeys, have 120 rooms, a small restaurant and bar and a pedway to the convention centre.
Woodside said council has seen the initial plans.
"What we've seen is very tasteful and it keeps in with the convention centre, it's almost like it's a part of it," he said.
Final plans will be released in November.
The hotel is expected to open by the end of 2017.
30 Commnents 3 years ago Here is one thread
Jan
Come on guys, look on the bright side: at least we're helping out billionaire families from the west coast now instead of just the local one.
Also, before you start hating on the deal and think our elected geniuses got duped, you gotta remember that a guy worth billions probably can't be bothered to invest a few million extra of his own money..That's would just make him look silly and all the other billionaires would laugh at him.
Also, before you start hating on the deal and think our elected geniuses got duped, you gotta remember that a guy worth billions probably can't be bothered to invest a few million extra of his own money..That's would just make him look silly and all the other billionaires would laugh at him.
unmaskedwonder
@Jan how much is it going to cost to build the hotel? all the construction labour and materials being sourced locally. The land deal is all they are really getting out of it, the city had to buy the adjacent properties when building the center so the $1.5m is already done, the $72,000 per year parking is fake as the spots are not used now. This is a good deal for the city, even the property tax alone will be $1.4m over 10 years instead of an empty lot making nothing....
Jan
@unmaskedwonder I don't know how people can support private companies getting handouts from governments.
The private company in question has the funds to build and buy everything themselves. I was raised to be self sufficient and take care of myself. These private companies prey on public money and get rich. Sure, we may all be dumb to support it but at least I can go to sleep at night knowing I'm not a rodent... maybe a rich rodent, but a rodent nevertheless.
And it's asinine that a province does not have money is handing out money to billionaires. They can bring out all the talking points about how in the long run it'll be beneficial but I think we've seen many times in this province that the only thing this benefits is the rodents.
The private company in question has the funds to build and buy everything themselves. I was raised to be self sufficient and take care of myself. These private companies prey on public money and get rich. Sure, we may all be dumb to support it but at least I can go to sleep at night knowing I'm not a rodent... maybe a rich rodent, but a rodent nevertheless.
And it's asinine that a province does not have money is handing out money to billionaires. They can bring out all the talking points about how in the long run it'll be beneficial but I think we've seen many times in this province that the only thing this benefits is the rodents.
tomkatt
@unmaskedwonder well if it s such a money maker and a good deal for a private investor then surely he would reconize what the property is worth? but why buy it when we have folks like you who would give it away for nothing.
unmaskedwonder
@tomkatt it would not have been bought either way, just sat empty. This creates jobs now and in the future as well tax revenue the day construction starts. The $2.2m is all figurative numbers, the city bought the land to build the center and had to do the site work with the construction of the center so the $1.5m is already been invested and unrecoverable, the land is not worth $1.5m, at best the land could be sold for $500.000 which is comparable to assessments close to the area. The $720,000 is $72,000 per year for parking spaces that are not being used now, there is no way to say that they would see any revenue from those spaces, so that money is speculative. So the city really paid nothing for this deal, it just helps the investor pitch the idea to the board.
tomkatt
@unmaskedwonder respect your opinion but disagree. let the land sit there until you can sell it for fair market value. the city is out nothing to wait.
Aquilini Investment Group Completes Rebranding of Hotels in Frederiction and Moncton to the Crowne Plaza Brand; Both Properties Managed by Pacrim Hospitality |
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ATLANTA (March 9, 2006) – InterContinental Hotels Group announced today the expansion of Crowne Plaza Hotels & Resorts into the New Brunswick province of Canada. Fredericton, N.B. welcomes its first Crowne Plaza hotel and will join its sister property, the Crowne Plaza Moncton, N.B., which opened earlier this year. “With the addition of two Crowne Plaza hotels in New Brunswick, our portfolio of upscale hotels in Canada continues to expand,” said Kevin Kowalski, vice president, brand management, Crowne Plaza Hotels & Resorts. “We look forward to providing our industry leading meetings service and a great night’s sleep via our Sleep Advantage program to our guests in Fredericton and Moncton.” “We are delighted to open New Brunswick’s first two Crowne Plaza hotels,” said Glenn Squires president, Pacrim Hospitality, the management company for both properties. “Both Fredericton and Moncton are ideal locations for a Crowne Plaza hotel—an upscale brand with a top-notch meetings program.” . . Formerly the Lord Beaverbrook Hotel, the 168-room property in Fredericton is situated downtown along the St. John River at 659 Queen St., Fredericton, N.B., within walking distance to the Garrison District, Lord Beaverbrook Art Gallery and the Playhouse. The hotel’s restaurant, the Terrace Dining Room offers upscale French cuisine, while casual dining is available in the James Joyce Pub. Formerly the Howard Johnson Plaza, the 191-room property in Moncton is located downtown at 1005 Main St., Moncton, N.B., just ten miles from the Moncton International Airport and close to shopping and attractions. The hotel’s restaurant, Top Deck offers a fresh seafood menu along with other American favorites. The Crowne Plaza Fredericton-Lord Beaverbrook and the Crowne Plaza Moncton-Downtown are owned by Aquilini Investment Group and managed by Pacrim Hospitality, under a license agreement with a company in the InterContinental Hotels Group. Consistent with the Crowne Plaza brand, both hotels offer a comprehensive meetings package to ensure a seamless planning process and exceptional meeting experience consisting of three key components: a Two-Hour Response Guarantee, Crowne Meetings Director and a Meetings Daily Debrief. The Crowne Plaza Fredericton-Lord Beaverbrook will have nearly 10,000 sq.-ft, of meeting space including two ballrooms, one large meeting room and five boardrooms. The Crowne Plaza Moncton-Downtown offers 14,000 sq.-ft. of meetings space, including a large ballroom and three additional meeting rooms. Both are perfect venues for business meetings and social functions. The hotels feature the newly introduced Crowne Plaza Sleep Advantage which is available at all Crowne Plaza hotels in the U.S., Canada and Mexico. The Sleep Advantage encompasses the entire sleep experience, from training staff on how to create and maintain a restful environment to providing innovative products and services. Program components include new bedding, guaranteed wake-up calls, designated quiet zones, night lights, drape clips, sleep CDs, sleep tips and amenities such as eye masks, ear plugs and lavender spray. Guest room amenities at both properties include: air conditioning, voice mail, coffee maker, hair dryer, in-room safe, make-up mirror, complimentary high speed Internet access, iron and ironing board. Both hotels also offer complimentary parking, indoor pool and business center. The InterContinental Hotels Group portfolio in New Brunswick is represented by three of its brands, including the upscale, full service and limited service segments. InterContinental Hotels Group PLC of the United Kingdom [LON:IHG, NYSE:IHG (ADRs)] is the world's largest hotel group by number of rooms. InterContinental Hotels Group owns, manages, leases or franchises, through various subsidiaries, over 3,600 hotels and 537,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognized and respected hotel brands including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel IndigoTM, and also manages the world's largest hotel loyalty program, Priority Club® Rewards. |
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Contact: Monica Smith Corporate Communications Coordinator InterContinental Hotels Group Three Ravinia Drive Suite 100 Atlanta, GA 30346 Tel: 770-604-5562 monica.smith@ichotelsgroup.com |
Crowne Plaza Fredericton Lord Beaverbrook Hotel Re-Opens At Full Service
FREDERICTON, NB, May 7 /CNW/ - A defining feature of the recentlyFor further information:
renovated Crowne Plaza Lord Beaverbrook Hotel in downtown Fredericton, New
Brunswick is its close proximity to the majestic Saint John River. However
that same scenic location is also squarely in the flood plain of the powerful
river and this afternoon (May 07-2008) the hotel reopens at full service for
the first time in seven days as the clean-up continues from record-breaking
floods in New Brunswick's capital city.
"It is a testament to the emergency efforts of the city and the province,
the leadership of the hotel's management team and dedication of the staff that
the Crowne Plaza Lord Beaverbrook reopens today, virtually free of any damage
to guest related areas of the hotel," Glenn Squires, CEO of management company
Pacrim Hospitality Services Inc. (PHSI) said today. Last Wednesday (April 30,
2008) 200 guests were evacuated from the hotel as flood waters reached record
levels in Fredericton. "The initial concern for the hotel was our guests and
their safety and comfort...yet once each was settled the 24-7 battle against
relentless rising water became the focus of the Crowne Plaza team,"
Mr. Squires said. Even Prime Minister Steven Harper could not be accommodated
when he traveled to view damage in the area.
The hotel's General Manager Walther Lauffer and Regional Chief Engineer
Ron Hebert lead the 'round the clock efforts of the staff of 120 people who
kept guests and clients advised of the status of the closure and were
determined to avoid significant property damage if at all possible. "In teams
of 20, everyone from food and beverage and housekeeping staff to the sales
team manned pumps and generators, moved furniture to higher ground and
sand-bagged as required to ensure the Crowne Plaza is in a position to re-open
today without any long-term damage to guests' comfort and services," GM Walter
Lauffer said. All guest rooms, meeting areas, catering and dining area of the
hotel have re-opened this afternoon. The new saltwater swimming pool will
re-open tomorrow (Thursday) and the full service Arabesque Spa on Friday.
"Even the parking lot, which spent days under 1.9 meters of water, has been
cleared and swept."
The hotel is owned by Aquilini Investments of Vancouver, British
Columbia, "the principals of which have expressed their appreciation and
admiration to the staff," Glenn Squires added.
Mr. Lauffer indicated that working on-site; it was clearly the "amazing
combined efforts" of the City of Fredericton, the provincial Environment
Department, the Emergency Measures Organization (EMO) and NB Power that
managed a dangerous and difficult situation.
Pacrim Hospitality Services Inc. (www.pacrimhospitality.com) is one of
Canada's largest, privately-owned hotel management companies with a portfolio
of some 60 hotels throughout Canada and the United States totaling more than
6,000 hotel rooms and suites. Pacrim Hospitality is the preferred management
company of Holloway Lodging REIT (www.hlreit.com) and is based in Halifax,
Nova Scotia. Pacrim manages 19 hotels in Atlantic Canada, seven of them in New
Brunswick.
For further information: Walther Lauffer, General Manager, Crowne Plaza
Lord Beaverbrook Hotel, (506) 455-3371; Mike Jackson, President and C.O.O.,
PHSI, (902) 404-7474
Organization Profile
PACRIM HOSPITALITY SERVICES INC.
Canada’s Richest People: The Aquilini family
CB Staff
(Photo: Jonathan Hayward/CP)
By the end of last year, the Aquilinis saw their plans to build a four-season ski resort at Garibaldi Mountain finally move forward. The progress is a testament to the merits of making peace, which is what the Aquilinis appear to have done with that other billionaire Italian-Canadian developer clan in Vancouver, the Gaglardis. Seven years ago, family frontman Francesco Aquilini was embroiled in a bitter lawsuit with Tom Gaglardi and construction tycoon Ryan Beedie, who both claimed they’d been wrongfully jilted out of a deal to purchase the Vancouver Canucks from Seattle cellphone magnate John McCaw. Aquilini prevailed in court, and Gaglardi was offered a consolation prize from NHL commissioner Gary Bettman in the form of the Dallas Stars in 2011. Fast-forward to today, and the Aquilini Investment Group stands shoulder to shoulder with the Gaglardis’ Northland Properties in the joint venture to construct the $5.2-billion Garibaldi at Squamish resort, which would be the first greenfield ski hill built in Canada since 1980.
While the project is massive, it’s just one of the Aquilinis’ many high-profile, highly profitable ventures: Through Aquilini Investment Group, now more than 50 years old, the family controls one of British Columbia’s biggest development conglomerates, as well as its NHL team, the Rogers Arena, blueberry and cranberry farms, restaurants and some $80-million worth of vineyard properties in Washington state.
Updated Thursday, November 9, 2017
While the project is massive, it’s just one of the Aquilinis’ many high-profile, highly profitable ventures: Through Aquilini Investment Group, now more than 50 years old, the family controls one of British Columbia’s biggest development conglomerates, as well as its NHL team, the Rogers Arena, blueberry and cranberry farms, restaurants and some $80-million worth of vineyard properties in Washington state.
Updated Thursday, November 9, 2017
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https://en.wikipedia.org/wiki/Francesco_Aquilini
Francesco Aquilini
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Francesco Aquilini | |
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Born | 1969 (age 49–50) Vancouver, British Columbia, Canada |
Francesco Aquilini (born 1969) is a Canadian businessman, investor, and philanthropist. He is the managing director of Vancouver-based Aquilini Investment Group,[1] the parent company of several diverse subsidiaries. The company is best known for its ownership of the Vancouver Canucks and Rogers Arena, where Aquilini sits as Chairman and NHL Governor.
Early life and family business
Francesco Aquilini was born and raised in Vancouver, British Columbia.[2] Aquilini attended Templeton Secondary School. He went on to graduate from Simon Fraser University with a degree in Business Administration.[1][3] He later earned an MBA from UCLA.[1][3]His father, Luigi Aquilini, emigrated from Travagliato, Brescia, Italy, to Vancouver in 1953. He started Aquilini Investment Group in the 1960s and is still active in the company operations and decision making. Having come to Canada from Italy in the mid-1950s, Luigi started his own construction company, working in East Vancouver during the 1960s and 1970s. In the 1980s, he bought and sold older buildings in Vancouver, Ontario and Quebec. He then began buying land to build new condominium towers.[4] Francesco and his two brothers, Roberto and Paolo, began working in the company during the 1980s and are now all Managing Directors.
Aquilini Investment Group
Francesco, along with his brothers and father, oversees several subsidiaries:Vancouver Canucks and Rogers Arena
The Canucks is a professional ice hockey team based in Vancouver. On November 17, 2004, Aquilini purchased a 50% share in Orca Bay Sports and Entertainment (the owners of both the Canucks franchise and Rogers Arena) from John McCaw, Jr.[citation needed] On November 8, 2006, Aquilini purchased the remaining 50% of the Vancouver Canucks and Rogers Arena. In May 2007, Gaglardi and Beedie's civil lawsuit over Aquilini's purchase reached the Supreme Court of British Columbia. The court ruled for Aquilini, on January 10, 2008. The court held that there was no legal partnership between Aquilini, Beedie, and Gaglardi, and that McCaw was free to sell the team to anyone he wished.[5] Aquilini and Gaglardi knew each other from the many joint family events they had attended over the years. Their fathers (Luigi and Bob) were longtime friends and commercial allies. Both families are still majority partners in the proposed Garibaldi At Squamish resort north of Vancouver.[6]Aquilini Developments
Aquilini Developments, a division led by Dave Negrin, owns and develops real estate. The company is primarily focused on Vancouver and the Lower Mainland, but has holdings across Canada, in the US and Italy. Recent multi-storey residential developments in Vancouver include the King Edward Village,[7] Richards Living tower,[8] and Maynards Block.[9] The company has also built three residential towers around Rogers Arena.[10] Other recent acquisitions include an acre of land in downtown Moncton, NB [11] and a bankrupt golf course and commercial land in Chilliwack, BC.[12]Aquilini Developments, in partnership with the Gaglardi family, is the proponent of the proposed $2.6B Garibaldi at Squamish resort. The planning and approvals from the project have dragged on since 1996 and community opposition to the project has steadily grown.[13] On March 23, 2010, the BC province stated that the proponents had failed to provide enough information to earn the project a passing grade.[14]
On August 17, 2012 the Vancouver Sun reported rumours that Aquilini was contemplating the acquisition of Abbotsford Entertainment and Sports Centre and the land it occupies.[15]
Aquilini Properties
Aquilini Properties, managed by Don Turple, owns and manages hotels and other income-producing properties across Canada. Aquilini Properties owns five office towers across Canada[16] and has half ownership of Halifax-based Pacrim Hospitality Services, which owns and manages 30 hotels across Canada.[17] These include the Embassy Suites hotel in Montreal,[18] the Holiday Inn Express in East Vancouver, The division also owns all 48 Pizza Hut locations in BC.[19]The company previously owned one of the largest rental complexes in Canada, the West Edmonton village.[20]
Golden Eagle Group
Golden Eagle Group operates a variety of recreational and agricultural businesses within 5,000 acres (2,000 ha) of prime agricultural land. This is the single largest land holding in the Greater Vancouver Area. This includes two 18-hole golf courses, a western town movie set, real estate, and a 400-acre (160 ha) hardwood tree nursery. The Group also owns and manages one of the world’s larger blueberry and cranberry growing and processing operations.[21]Aquilini Renewable Energy
Aquilini Renewable Energy, led by John Negrin, is looking for opportunities in green energy, including waste-to-power and wind power.[3] The division earned community and media attention for a proposal in 2008 and 2009 to build a petroleum waste reduction and recycling plant near Christina Lake, a lake that is popular with summer vacationers.[22]Aquilini Brands
Aquilini Brands, led by Barry Olivier, was formed in October 2009. Bassano Hard Soda, the division's first consumer brand, is a vodka-based refreshment beverage inspired by classic Italian sodas. Bassano Hard Soda was launched in Canada in March 2011. Now, Jaw Drop cooler co. is its newest consumer brand, launching in Canada in 2012.Personal life and Philanthropy
Francesco is known for his philanthropic work in British Columbia, through both his personal contributions and the charitable organizations founded by his family through their various business ventures.Francesco is the Chair and primary sponsor of the Italian Gardens (Il Giardino Italiano) in Hastings Park.[23] His company has given significant support to the BC Children's Hospital.[24][25] Francesco is also a regular participant and contributor to the Boys Club Network, which provides mentorship for at-risk young men in BC.[26]
The Aquilini Investment Group also supports land conservation and wildlife habitat protection, including contributing to the purchase of the Codd Wetlands in Pitt Meadows to protect the area.[27] Additionally, a 104 hectare site adjacent to Blaney Bog Regional Park was renamed the Aquilini Land Conservancy to recognize their significant financial contribution that helped permanently protect the area.[23]
Under the Canucks brand, Francesco has hosted many charity groups at Canucks games and supports a number of charitable organizations, including: the Canucks for Kids Fund,[28] to support childhood health and wellness, with specific programs aimed at issues like childhood diabetes;[28] the Canucks Autism Network (CAN), which provides adaptive sports, recreational, social and arts programs for children, teens and young adults living with autism in British Columbia;[28] and the Canuck Place Children’s Hospice, which provides care for sick children in BC.[28]
In his early 20s, Aquilini married Dusty Martel, then a local radio personality at CFMI. They had one child but were soon divorced.[29]