Thursday, January 28, 2010

River run Shareholders audio available Crowsnest Pass

This audio is available at the following address, of the Riverrun Shareholders meeting.

http://www.feeltheenergy.ca/

6 comments:

Anonymous said...

Was the mayor there on official municipal business?
Is he an employee of BCD?
Is he an investor of BCD?
It seems to me that no matter what the answer is to the above, that we have a very serious conflict of interest.
Municipal council has not commented on these BDC developments at all, and now we hear from the mayor backing these guys.I think if he can speak out at a investor meeting, councillers should be allowed to tell us what they know.

John Prince said...

Good comment Anon. I agree! Besides, we all know where the fingers need to be pointed, and it certainly isn't in the direction of the majority on council... is it?

Infrastructure... It's all about the Infrastructure isn't it? And who pays? Both BCD and the municipality are broke, having no reserves to boot. Apparently, $17m has been spent by the developers, and who knows how many millions by us so far? Never mind the cost to us of our long-term liabilities and obligations with these guys.

It would be nice to know where we stand? I do not think it is too late for some councillors to come forward and spill the beans, so to speak. Because at the end of the day, especially come election time, you may wish you had.

Anonymous said...

Another interesting question that remains unanswered is whether or not BCD is paid up as far as municipal property taxes are concerned. If not, which is probably the case, why is the Municipality not lining up with other BCD creditors? What about foreclosing on the property and selling it to a developer who can actually make something happen? It seems to me that the Municipality of much too forgiving in its dealings with BCD.

Anonymous said...

What are you waiting for Dean? Someone to tell you what to think and say??? You put up the audio but then don't say anything? What's with that?

Mike Stringer said...

Dear Fellow CNP Citizens from Mike Stringer

There is a lot to the whole story of this developement that has never been told. There is also many details that keep getting

glossed over.

I was part of a group that was in negotiations with the the last owners of the property to purchase the 52 acres. We did our

due diligence by hiring a constulting firm to drill and test the property...subsequenty we decide to with draw our offer. We

suspected there was a good chance we would uncover sizeable ammounts of toxic polutants.

One year past from the time we originally backed away from purchasing the land...the realestate market heated up and land

values shot up. We decided to take a second look at purchasing the property... We figured it would cost us at least

3,000,000CAD to clean up the pollution, but with the rising price of land..we could now make the project viable. We entered

into negotiations to buy the property in earnest. We bought the only feasable access to the property. We paid about

340,000CAD for the strip of land between the hospital and the shopping mall. It is the old rail access to the property and it

is the best access. On the day we took our verbally accepted offer to the owner of the 52 acres...Bridge Creek rushed in with

an offer some 600,000CAD more than ours. The owner of course took the higher offer. Bridge Creek had done no due dilligence

and really did not know what they were getting into...

Subsequenty we offered our land to Bridge Creek to use as thier access. Originally offering it for close to 900,000CAD. We

were told that they did not need our land...later on we dropped the price to 400,000CAD...same story..did not need our

land...Turns out they have real big egos, or something. I can not understand. How would you choose to build a 2,000,000CAD to

3,000,000CAD brige over taking a peice of land that would provide the access you need for a fraction of the price???

During the construction they discovered contamination and choose to spread it arround rather than clean it up. One of the

solutions to pollution is dilution...spread it around and it becomes back ground noise...

I worked very hard to have them clean up the site properly and handle the waste in the appropriote manor. I wrote letters to

every branch of Provincial and Federal Agencies I could think of. It took a lot to get anyone to listen..
I have pictures and records of what I found. I have also copies of all emails sent to Provincial and Federal Authorities. I

hope no one is thinking I have disappeared. THIS PROPERTY WILL BE CLEANED UP PROPERLY, THE TOWNS MAIN WATER WELL IS ONLY A

FEW HUNDRED METERS AWAY. end part one mikeestringer@hotmail.com

Mike Stringer said...

second part from mikeestringer@hotmail.com

I listened to Mayor John Erwin stand up and mislead the group of investors when he told them that the Provincial Government

cleaned up all the pollution on the site...They never did such a thing, and never claimed to do so. The Government only did a

beautification of the site.Hauled away the unsitely piles of coal, flattened the site and then spread a thin layer of top

soil so that grass would grow. The intention was to keep the coal from blowing into town...not to clean up the site of

pollution.

I also invited CTV to come to the Crowsnest Pass and take videos..in which I expressed my concern about burying contaminents.

It was only about this time did the developer take any notice and start to address the problem of pollutants and the fact

that they did exist...funny thing..it was also about this time that the governing bodies started to take note....

Any one that thinks they are going to recoup their cash investments out of this property is dreaming in color with their eyes

wide open. Lets face it, all the cash is gone...the property is a disgraceful mess, far worse now than what it was before the

developer went wild digging holes and trying to bury coal slag, creosote rail road timbers, reminants of an old engine repair

shops complete with waste tanks, an electrical transformer site with possible PCP contamination, to name a few ...
It may be that the investors may want to see what kind of liability they have on their hands? It was not that many years ago,

in Calgary, that one of the worlds largest oil companies found out the hard way about selling property for residential use

that contained polutants....

This property can be cleaned up, and someday hopefully it will be.

It is going to take some one with real deep pockets and not a group of suckers that invested millions of dollars, that some

how disappeard, and think that the same outfit that engineered this catastrohpe can ride into town on a new plan and recue

them from financial ruin. Especially when they only have part of the original 52 acres. Come on guys and gals "WAKE UP" Mike

Stringer