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The Gazette 1982-07-07 - 1982-12-29
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Date
1982-12-08
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429
Transcript
Se . - - Wednesday, December 8, 1982 Housing starts in the last three months have : experienced a slight in- -terease, but the local construction industry is :gtill.in a slump with no guaranteed relief in sight. By mid-September building permits for 15 new houses had been issued from Olds town office and as of Mon- day, when new figures Were released, 10 more : tayere registered. I, : .* think we ve done better: than. I thought we would: in residential -:(construction,) town o r Ron Hilton 4old the Gazette when -teleasing the statistics. Experience the However, the mana- ger would hate to predict what next year s growth will be like. I wouldn t event want to predict that next year s (building starts) will. equal this year s, he added. As of Monday, per- mits were issued to begin construction on projects worth an esti- mated 4 million, com- pared to 1.9 million in September. The largest item is the expansion ot the Kiwanis Manor, an estimated 1.25 million construction project ex- pected to get underway next February. (Ten- ders on the 30-suite housing up slightly but slu senior citizens apart- ment project are. being called for starting today and ending Jan. 11.) Construction is down by about 900,000 from 1981; reflecting a downward slide which is continuing unabated from the boom of years of the 1970 s. Building in Olds. peaked in 1978 when 10.8 million wor- th of new construction occurred, including 147 new homes. The unfa- vorable trend began in 1979 with a one million dollar drop in building, gained downward mo- mentum until last year when construction fell sharply with only 47 Mountview Service 4902 - 54 Ave., Olds pee IT: 5. new homes built. With construction on the skids, the town finds itself stuck with about 100 lots in the publicly-owned Mount- ain View Meadows re- a fony gt; nt ang 1st Olds eae Venturers ' Located south of Thriftway ait e HOURS Monday to Friday 4:00 - 7:00 p.m. -- Saturday 10:00 a.m. - 7:00 p.m. Sunday 1:00 - 7:00 p.m. PRICES * 3 - 4 - 6.00 6 - 6 ... 9.00 7 - 8 - 12.00 Scotch Pine - 25.00 Are your gasoline dollars rapidly disappearing? With today s rising cost we tend to forget the PENNY Rob Newland at Mountview Service would like to show you how to get the most from your PENNY. Rob and staff are offering customers the opportunity. to win their purchases ub oy a PENNY * Friendly Service *Easy Access TRY the way, and see how far: your penny can go WE SERVE - U SAVE i Drop.in Today - you can win your purchase fora penny . -- * The best gas prices * Monthly Speciails * Convenient Hours - 6:30 a.m. to 10 p.m. The Gaze t:te -.. Ararity in recessionary times. s ivcins Ui cs dk 0 Na icin ti vce Wea en aed Miami Vid Abate - : division in west Olds. Town manager Ron Hilton paints a not-too-pretty picture of the current housing slump in this week's) + Gazette sidential subdlivision. Only eight of thii:se lots have been sold so far, Hilton said. Orij ginally town council giimbled that lot sales would absorb the .nnual es j ares . Winners Reg. Gas 1.2 litre 39.0 No Lead Litre 40. Premium Litre Phone 556-8980 Across From the New Liquor Store mp continues 700,000 charge on the outstanding debt to in- stall services in the subdivision, but now alternatives are being looked at. One way of paying the annual debt without in- creasing municipal tax- es is to borrow money based on the town s surplus funds, Hilton said. There s no way we're going to apply the debt: to taxes, he asserted. (If payments are met, the debenture debt will be retired in 1985.) Mayor Bob Arms- trong, present while Hilton was being inter- viewed, explained that enthusiasm in the building industry which was Ser toga in 1978 pressured council into developing a town- owned residential sub- division at a time when privately-owned lots were hard to come by. Council thought. that developing the residen- tial lots would go hand in hand with developing the Olds In- dustrial Park at the southern.end of town. Expectations of new in- dustries coming to Olds didn t pan out to the 3 extent that the town fathers had hoped. The mayor feels Olds building slump is a reflection of the current recession being felt na- tion - and world-wide. Coburn W.I. On December 2, all sixteen members of Coburn W.I. met at the home of Terri Loree. for our Christmas meeting. Louise. Kobberstad men and women enjoy equal rights. The Govt. has a larger proportion. of women than men as representatives in DYE - HAMILTON 1 Year 12 5 Years 13 Goats anos Inamencs Deadline for R.H Dec. 31/ parliament. November has been a busy month with a number of members at- Service in Olds. We were very proud to see several of the Cobur- nette Girls Club mem- bers assisting con- stituency convenor Grace Duff, laying a wreath on behalf of Alberta Womens. In- stitutes. We travelled to Red Deer and points west on Nov. 18th on our annual tour, We were escorted about the Red Deer Advocate building and had the workings of a newspaper explained to . At Benalto. we visited the studio of Mrs. Betty Nielsen, where we viewed her Three members, Louise. Kobberstad, Mary Leach and Terri Loree, received A.C.W.W. pin. president, Barbara Clarke and Treasurer, Aileen Dodd have com- pleted their terms of of- fice and were presented with A.W.I. cups and saucers as gifts of sil preciation. We rounded our meeting with fun and merriment at our Christmas. party. Gifts from our. mystery * friends were exchanged. Eggs, a remarkable store- house of nutrients, are among the few foods that contain natural vitamine D. ROYAL CANADIAN LEGION .. BRANCH 105.0LDS New Year s Frolic. Fri., Dec. 31 Cocktails 6:30 - 7:30 Dinner 7:30 - 8:30 Dancing 9 Till New Year s Eve Favors Live Music by The Prototypes ex Tickets 35.00 Per Couple Available at Lounge id PROFESSIONAL PICTURE FRAMING AT REASONABLE PRICES SKIT * Cariboo Hair Tuftings - 26.00 -Designs: Flowers, (In Yellowknife oy sell for +P 00 to 110. 00) * Butterfly Arrangments - 8. 70 and up reat gifts mother-in- law or your mom, even cities. Open We Specialize in Craft Framing - 200 Mouldings in stock (including metal) - Circles, Ovals, Octagons, Diamonds. - Our prices are. 30 to 50 cheaper than the Book Now For Christmas Delivery Monday-Saturday 9:00 - 5:30 Ph. 335-3368 - Mountain View Mall (Beside IDA) Didsbury
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Attribution
Image 429 (1982-12-08), from microfilm reel 429, (CU12512200). Courtesy of Early Alberta Newspapers Collection, Libraries and Cultural Resources Digital Collections, University of Calgary.