Barrier down, tempers up

Life is getting louder for a St. Albert couple living adjacent to St. Albert Trail.

Mark and Caroline Tuttle, 15-year residents of Sheridan Drive, received a letter on Oct. 4 informing them that the city planned to remove a portion of the sound barrier wall that separates their property from St. Albert Trail.

Demolition was slated to begin just five days later.


They built it and now they’re coming

Even in today’s world, $1.42 billion can buy a lot, except when it comes to transportation.

For example, expanding Edmonton’s LRT system to St. Albert would cost approximately $100 million per kilometre of track. Roads stretch construction dollars further, but not by much. The price tag for completing the 21-kilometre northwest leg of Anthony Henday Drive– from Yellowhead Trail to Manning Drive– cost an estimated $1.42 billion.

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Morinville budget proposes two percent tax increase

Morinville residents will soon be able to provide their input into the 2013 budget, which proposes a two per cent increase in residential and non-residential property taxes.

Town council passed first reading of the 2013 operating and capital budget last Wednesday. The budget is now a public document and open for discussion.

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Land supply for new homes tightening

Land for development could join water on the Town’s list of critical needs if annexation talks drag on.

After many years of busy construction, the Drake Landing, Cimarron, Air Ranch,Sheep River,Westmount and Westridge communities are entering their final phases. The only new development expected in the next few years will be in the new Mountain View subdivision and around the south end of the Okotoks airport.


Town council votes to increase electrical bills

Power bills will be going up in Okotoks in the New Year after town council voted to increase the franchise fee charged to FortisAlberta for electrical distribution in the community.

The fee is added to power bills for all residents and businesses in Okotoks, based on how much electricity is used. Town council voted last week to increase the franchise fee it charges to the company by 1.5 percentage points up to eight percent for 2013. Under provincial legislation, municipalities can set the fee as high as 20 per cent of FortisAlberta’s revenues from the community.

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Cochrane Tourism Assoc. gearing up for 2013

The Cochrane Tourism Association (CTA) is deep into planning its 2013 marketing campaign and building upon the momentum of the past year.

The CTA continues to fortify its strong foundation of multi-media tools and sponsorships to make Cochrane a destination for tourists.

“We have the basic framework for most everything that we’re going to do,” said Cheryl Hardy, CTA president. “Of course there are always new things that pop up and we look at them as they arise.”


The Chart That Shows Why Inflation May Not be Around The Corner

There seems to be tremendous confusion between asset price inflation and consumer inflation. “Printing Money” or expanding the Federal Reserve’s balance sheet, has caused asset price inflation. Specifically, the price of financial assets (stocks, bonds) and real assets (commodities, real estate, gold) have all risen as a result of the FED’s actions.

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While turmoil abounds in Europe and Germany resists writing off Greek debt and previous holders of Greek debt squawk about taking a second haircut, Moodys actually upgraded the Philippines. The Indian market has a Double top and looks more like the early stages of Japan in the mid ’80s preparing for an explosive rally. As the West is melting down, Asia is starting to rise its head above the fray. Even in Singapore real estate has continued to boom where the government has demonstrated it is willing to think out of the box and adopt some of the most practical management tools of any country on the planet.

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