Business

CBRM ‘Priorities’ List Has Gaps

CBRM ‘Priorities’ List Has Gaps

June 30, 2021 at 12:38 pm

CBRM council met this morning to discuss the results of its March 2021 closed-door, strategy-setting “workshops” at the Lakes Golf Club and Resort in Ben Eoin. Apparently, during the sessions, council articulated our vision: (I can’t wait until Tim Bousquet sees that — “vibrant” and “innovation” are two of hisRead More

All REIT: An Intro To Financialized Housing

All REIT: An Intro To Financialized Housing

June 30, 2021 at 12:32 pm

I’m going to start this week’s article on the financialization of housing by reproducing a graphic from the recent report from the Nova Scotia Affordable Housing Commission — a graphic I just can’t get enough of because it really does say it all:   The man on the right sideRead More

Fast & Curious: Short Takes on Random Things

Fast & Curious: Short Takes on Random Things

June 25, 2021 at 11:30 am

Tax Sales If the list of 104 properties — including 38 buildings  — up for tax sale in the CBRM has you wondering why CBRM doesn’t look into sourcing government funding for affordable housing and refurbishing some of them, you are not alone. I have long wondered about this too.Read More

Membertou Borrowed $6.8M from Bridging Finance for Novaporte Stake

Membertou Borrowed $6.8M from Bridging Finance for Novaporte Stake

June 23, 2021 at 12:21 pm

Membertou Chief Terry Paul, whose band borrowed $6.8 million from Toronto-based private lender Bridging Finance Inc to finance an investment in a proposed Sydney container terminal, says he is not concerned about the arrangement despite Bridging having been placed in receivership on April 30 amid allegations of fraud and misappropriationRead More

Public Housing and the Private Sector

Public Housing and the Private Sector

June 23, 2021 at 12:17 pm

Last week I wrote about the Nova Scotia Affordable Housing Commission’s report, “Charting a new course for affordable housing in Nova Scotia,” sounding an alarm about its tendency to look to the private sector for solutions to the housing crisis. Days later, the federal government announced a $115.5-million, low-cost loanRead More

Fast & Curious: Short Takes on Random Things

Fast & Curious: Short Takes on Random Things

June 18, 2021 at 11:15 am

Mary Makes a Meme How it started:     How it’s going:   On the bright side, having let it it sit empty for two years (and catch fire once), the entrepreneurs who bought the building for $225,000 are hoping to sell it for $399,000.   Mary Makes Another MemeRead More

Novaporte Partner In Hot Water

Novaporte Partner In Hot Water

June 16, 2021 at 2:06 pm

This was going to be a story about CBRM council meeting in secret with Albert Barbusci of Sydney Harbour Investment Partners (SHIP) yesterday and then, during the regular meeting last night, approving a three-year extension to Barbusci’s exclusive contract with the municipality. (I’ve removed the SHIP Exclusivity Countdown Clock fromRead More

Housing as a Human Right?

Housing as a Human Right?

June 16, 2021 at 2:02 pm

“Charting a new course for affordable housing in Nova Scotia,” the report dropped by the Nova Scotia Affordable Housing Commission this spring, is one of the most annoying things I’ve read this year — and I read The Codfathers. The pointless graphics, large photos and needless repetition (particularly with regardRead More

Fast & Curious: Short Takes on Random Things

Fast & Curious: Short Takes on Random Things

June 11, 2021 at 12:32 pm

Where fishermen shop A spectator reminded me that while I devoted a lot of ink to port matters in this week’s edition, I didn’t discuss plans to expand the retail space around the Joan Harriss Cruise Pavilion — a plan first mentioned during the Port’s February AGM. “Fisherman’s Cove” isRead More

Port Meets Council: Navigational Aids

Port Meets Council: Navigational Aids

June 9, 2021 at 3:06 pm

People, I watched that June 3 meeting between the Port of Sydney and the CBRM council and those are two hours of my life I will never get back, so I have to write something about it and I think the best thing for me to do would be toRead More