Thursday, October 10, 2024
New City of Winnipeg Housing Money Approved for
Tuesday, October 8, 2024
Series Finale of SEAL Team
Unlike History Channel though, the might of CBS meant they could 22 produce episodes a season and have the budget to do it. David Boreanaz, a consistent lead actor in television for many years was the eventual choice to head series. CBS has found success with a Delta Force series called The Unit from 2006 to 2009 so had some familiarity with a special forces series,
Embarking on a series like this generally means a smaller but dedicated audience as many women will tune in other shows. Still, for most of the time it was on television it held a fair sized audience. It was an expensive show though and CBS decided they wanted to make room on the network for other series so it was decided to make SEAL Team one of shows going to their new Paramount + Network.
It is the first and perhaps only program to start as a network series and continue as an original streamer series, SEAL Team was able to spice up the language if not the violence of the series. Swearing was featured on the streaming episodes. One major difference was that instead of 22 episodes, the series had 10 episodes a season. Netflix, Amazon Prime and streamers like Paramount+ just don't producer as many episodes. It is their major weakness.
Boreanaz as Master Chief Hayes was the main character and the stories featured both his missions and family life. Writers on the show often had a military background including special forces which lent to the authenticity of the series. By it's nature fewer female characters appeared as regular cast but the ones that did were important to the show.
Canadian actress Jessica Pare who played a CIA officer Mandy Ellis almost didn't get the role when CBS higher ups tried to torpedo her. It is still not known why the president didn't want her but producers fought to get her and she was a regular and recurring character throughout. It is shame they didn't use her more in the last two years as a CIA officer attached to Bravo because it was a very interesting role. They did try to have the relationship blossom between her and Hayes. In typical TV series drama, a wedding took place but it was Hayes's daughter but all of the cast was there and Hayes and Mandy were together as a couple ready to take it to the next step of happiness.
The main female character throughout the series was Lisa Davis played by Toni Trucks whose evolution from Specialist to Lieutenant was something to see on the show. In the end Sonny, played by Canadian actor A.J. Buckley, gives up his trident to follow Davis to a big promotion to Washington.
The loss of the character of Clay Spenser played by Max Theriot affected every other member of Bravo company and their families. It took the show down a path to show just how much military service and the aftermath affected those who served.
There have been a number of shows about military conflict over the years that have marked certain times in world history. MASH, Band of Brothers, Combat! and others have been as important to our understanding of those times even if it has been told by Hollywood. The change from network TV to streaming service might make these type of shows a more rare item.
Many streamers are not making any money but then again network TV is struggling too. The issue of how to make money in this new environment and it is a major concern. Paramount as a studio is going through its second series of cutbacks this year. Hollywood has many unemployed people in California. The government in the state is looking at tax credits. They'd be wise to do so as Manitoba is having a boom in filming because of the tax credit, the crews, the locations and facilities.
Shows like SEAL Team are expensive because of the location work. However, when places like Manitoba work with the film companies, you have more of a recipe for success. The final season of SEAL Team was filmed in Columbia. The realism is what drew fans to the show. It will be missed by many.
Sunday, October 6, 2024
One Year Anniversary of October 7 Attack
Saturday, October 7 in 2023 was a religious holiday in Israel so it was quiet. Festivals and faithful gatherings were taking place and it was a relaxed day. The brutality that followed from the attack by Hamas forces out of Gaza is hard to hear and yet some people have tried to deny how bad it was or to justify it. It was rape and murder on a scale that is sickening.
Despite the feeling that Netanyahu was responsible for the military and intelligence failure that led to to the attack, there was and is support for the attacks on Hamas as well as Hezbollah leadership. Responding to Houthi and Iranian attack also has support.
However, there are also tens of thousand in Israel seeking the end of Netanyahu's leadership over the failure to get hostages back, the lack of preparedness for the attack and for a whole host of other issues from settlements to antidemocratic changes in Israel. I have written about how polarizing Benjamin Netanyahu is in Israel.
As a democratic state, Israelis are very active in the political system and a election will turn on the future of the state. In terms of the war, a hardened position has emerged as the details of the savagery of October 7 remains as an open wound in Israel. But people are also tired of the war and the more soldiers that die fighting it will test the resolve of the government. A total military victory is unlikely in getting all the hostages back. This has been an issue in past conflicts and negotiation has been the only thing to resolve it. Back in 2006, Hezbollah seemed shocked of the Israeli response in their attack in Lebanon. They are likely feeling the same way now as leader after leader is targeted.
In Gaza, Hamas is only focused on eliminating Jews from the territory and creating a religious state where all other religions are driven out. This is in their manifesto. It does not recognize Israel and neither do its's supporters in Gaza and other parts of the world. Moreover, their charter looks to spread Muslim faith worldwide under sharia law. It should be noted that the goals of Hamas are not shared by all Palestinians. However, there is really no one in Gaza to challenge them.
October 7 is called Israel's September 11. It is gut wrenching and emotional. For Jews in Canada it has been a tough time as they and their businesses are targets of antisemitism whether they have a connection to Israel or not. The bomb threats and and other attacks have risen sharply.
For Palestinians, Lebanese and other supporters in Canada, their rage is red hot as many often have family back in the conflict areas. Not surprisingly, some believe Israel is an illegitimate state and all Jews should leave as they are colonizers. Many don't believe in a two state solution. This doesn't give much room for negotiation. The dismissal of the October 7 attack and hostages largely doesn't get answered.
So long as Hamas exists, it seems unlikely any solutions will have any permanence. Supporters who believe they can drive the Jews out and nothing seems to the dissuade them from this idea. As for Israelis, an extreme group of the religious right seem to think they have a greater Israel and look to push Palestinians out of West Bank.
Canada supports a two state solution. Extremists want their side to eliminate the other. At some point, Israel will declare the war over and try to get their hostages back. A retaliation against Iranian missiles but set ups renewed hostilities between Iran and Israel. If Iran becomes nuclear in short order, it is possible a nuclear exchange could result. It is crazy and it is possibly why Netanyahu is trying to goad the U.S and allies to go to war against Iran. It won't happen. The U.S. is too burned by Afghanistan and Iraq to gear up for an invasion of Iran.
It seemed impossible that it is a year and fighting is still be happening. But hostages are still being held by Hamas. A ceasefire will come but not so that attacks can resume on Israel. And Israel won't tolerate years of hostages being held.
For Canada, the government needs to ensure anti-Semitism is not allowed to threaten people, synagogues and businesses. There is anti-Muslim sentiment out there too but attacking Jews seems to be just too tempting for some people. Canada has been a refuge for people since the beginning. It cannot be where people wage war on one another for things that happen elsewhere. In the end, Canada will stick with its two state solution and will push for some sort of negotiation. But no one should lose sight of the fact a terrorist attack took place and hostages are being held. As long as some people dismiss this, it does nothing to resolve things.
Wednesday, October 2, 2024
Portage Place Upgrade Gets the Go Ahead
The just under 1000 car parkade was the jewel under Portage Place. Generating millions in profit each year, it kept The Forks afloat from 1994 on. Cadillac Fairview and successor companies never owned the parkade. If they had, things might have been different. However, it is possible they might have just sold it as the downtown Bay sold theirs to make quick cash. The Forks North Portage Partnership on behalf of the three levels of government receives the parkade's profits. And those have all gone to The Forks since 1994.
It is worth a passing thought to think what $3 or $4 million a year from the lot might have done for north Portage. It is likely though The Forks would have gone bankrupt. Today it is in much healthier shape. And the sale of the parkade to Truth North will result in a possible windfall of cash to The Forks to the tune of $35 million. On the profits generated by the parkade alone and the usefulness to Jets' owners, the deal will certainly generate cash. The millions spent by event parking that didn't go to the arena will now go to the arena.
Some critics are withering about anything going up downtown. Some says they haven't been for years. That is entirely possible for those who don't go to concerts, conventions, theatre, hockey, basketball, work or The Forks. Perhaps they live and work in the suburbs or just out of town. However, the downtown is where all three levels of government are located. The reason they are there is convenience for the services they provide and for the amount of workers needed.
The Chipman and Thomson families who own the Jets have been doing their part to make downtown dynamic. It has been a building block process. First it was to redevelop the old Eaton's site and move the AHL Moose to the building. Then it was to bring the Jets in. A exhibition hall was next and then a redevelopment of the block across the street with a combination of parkade, Alt Hotel, restaurants, condo and offices. Then it was True North Square and several office towers, residential units and hotel. In just over 20 years hundreds of millions has been spent and has transformed the arena district.
Portage Place will easily be the biggest redevelopment downtown since True North arena was built in the early 2000s. It will have multiple partners in all levels of government, True North, Southern Chiefs Organization and Pan Am Clinic. For those who say they will not ever go downtown, they certainly will go if that is where their knee surgery will be.
For the next 35 years, the Pam Am Clinic will be on east side of the former mall and take over the space that was the food court and movie theatres. It will be 12 storey centre of excellence for surgery. It will occupy 265,000 square feet. By comparison, the present location by the Pam Am Pool is 72,000 square feet. By any measure this a massive expansion to help bring down waiting times for healthcare. The present Diamond Athletics is 10,000 square feet and will be moving as well. Presumably, they will also increase in size.
On the west side of the former mall will be a 13 storey apartment that will be a partnership of Chipman/Thomson and Southern Chiefs Organization. Affordable units will be part of the building. There will be 200 units built with about 40 per cent allotted lower income. The skywalk will remain connected throughout including to the former Bay. The Southern Chiefs Organization has a budget of about $130 million for that building alone which will also include housing.
As for the rest of the mall, it was revealed a grocery store has signed a letter of intent for about 19,000 square feet. Other mall residents such as Prairie Theatre Exchange are expected to stay. However, actual plans and tenants have not yet been revealed. Work is set to begin in 2025 and be complete by 2028.
For the first time 100% of Portage Place, the parkade and additional buildings will be owned locally by one group but in partnership with several other groups. Long tern planning is already part of the core mission of the facility. A health centre that is needed and wanted is key to people coming there every day of the week.
Mixed developments are central to long lasting success. Portage Place was simply too much retail and not enough street presence. It turned its back on the street and in many ways, turned away from ground floor in favour of the skywalks. As seen in the above picture, the new Pam Clinic will have a street presence. There has to be handicapped access and pick up/drop off spots out front. You simply can't have a surgical center with no road access. For this reason Edmonton will go through where the escalators and clock are now to connect Portage and Ellice.
There appears to be a few park-like areas in front of the new Pan Am entrance and around the new mall entrance. Without a doubt there will be high security to keep the area from becoming like the pocket park of Air Canada in terms of an encampment and more like what True North Square is. That is to say the park will be there for citizens to use but not to take up residence in. There will be simply be too many people going in and out of what is essentially a hospital.
There are around 80 encampments around the city now. It is important that more is done to find people housing, treatment and not have more areas become permanent outdoor settlements. Certainly it would appear the goal of True North and Southern Chiefs Organization is to build affordable housing. Many people this winter could suffer if it is colder and snowier than past years. Living on the street or the river is dangerous.
There are a lot of moving parts to Portage Place but working with The Bay conversion by Southern Chiefs, it is a near $1 billion amount of work. The inclusion of health and housing ensures vitality seven days a week. This was always a flaw of the old mall. Evenings and weekends were not strong. There was just not enough people living in the area.
In recent years around the Art Gallery, there has been a number of apartments built, same for Truth North Square and along Portage Avenue. In the past week, there have been several apartment projects in the downtown approved to begin immediately. There are more coming next year and possibly in years after even with a federal change of government.
The truth is that there can't be any ten years or more breaks where literally nothing is getting built. And that is what has been happening in Winnipeg and longer at times. The hoarding of land for parking spaces have left large areas under utilized. Downtown has football fields of space, some of which has not seen a return of traffic since the end of the pandemic. Shopping malls are coming to the conclusion that too much of their lots are not being used regularly. Space is being converted to other uses including apartments.
The initial Portage Place mall attracted tens of millions of other investment. It is likely the new initiative will do the same. Still, it will take three years to see much of this come to pass. By then, perhaps, True North's Sutton Place Hotel and Suites will be complete as the need for additional hotels downtown has grown. It often takes a very long time to get shovels in the ground.
Still, this new project is a step in the right direction and a great improvement on past proposals. No one development alone with save the downtown but, like The Forks, step by step action will make that area a vital component if rejuvenation.
Sunday, September 29, 2024
Winnipeg Sun Switches to Broadsheet
Saturday, September 28, 2024
Pierre Poilievre Next Prime Minister of Canada?
Monday, September 23, 2024
Rogers Buys Bell Canada Enterprises Shares in Maple Leafs Sports and Entertainment
The reaction of the Toronto media has been full on over the top. Some are saying it is brilliant, others are concerned about so much power with one corporation and others convinced it doesn't create winners in Toronto sports. All of those things can be true. Toronto will only have two major sports franchises not owned by Rogers. The Professional Women's Hockey League team and the upcoming WNBA team.
There are numerous sports ownership groups out there. Few are as entrenched in one city covering as many sports as Rogers now does. The only ownership they presently lack is a NFL team. Few have captured one city as well as Rogers. Some of the debt from the purchase Rogers has made should come from NBA expansion fees, renewal of NHL TV rights and facilities rentals for concerts and events to name a few areas. Sports franchises continue to rise in value all the time.
Bell retain TV rights for 20 years for hockey and basketball for CTV and TSN. This is probably the least the government would allow. Rogers having complete control would be awful. It would likely violate antitrust in Canada and possibly elsewhere. After Rogers gobbled up Shaw, the Canadian government of any political stripe is likely to frown on the company if the act like pigs.
Bell is massively in debt after investing in their 5G network. They also have kept their dividend going for 16 years. Their corporate media buy of CTV/TSN assets have not served them well and they have cut 1/4 quarter of their workforce. The amount of debt has been weighing them down. Selling the teams while retaining rights is likely the best way to reduce debt if that is what they plan to do. Paying a dividend and not reducing debt would be dumb.
Rogers also has debt. It is why they are selling Monday rights to NHL games in Canada to Amazon for the next two years. That starts this year. For cable cutters who have Rogers and Bell, it is yet another reasons to stop cable altogether. Amazon already does Thursday Night Football and hired veteran Al Michaels but they have been graced with trash games for the last year. The first game for the NHL on Amazon is a more promising Pittsburg Penguins and Montreal Canadiens. They will also be doing a NHL talk show on the network.
Bell can't seem to run the conglomerate they have. The heavy debt, huge corporate bonuses and large dividend means they don't run their assets very well. The rely on government subsidy and protection. The six big global ad companies led by Google and Facebook hoover all the ad money. This is a world-wide problem and the U.S and Europe are acting on in antirust. The Liberal government in Canada has helped subsidize news and taxed companies like Google. The Conservatives have indicated big changes are coming including the likely end of CBC. It is unclear if this helps internet, media and telecoms in in Canada. They could all be close to folding and asking for international buyouts in the next years.
Bell keeps begging the government for help but it is hard to be sympathetic when they always cut, always acquire businesses and then cut them and give their leadership bonuses while having large profits and asking the government for subsidies or loosened rules to acquire more and provide less.
There is talk Bell might sell the antenna real estate it has all over the country. They are already downsizing real estate assets they have. Lower interest rates should help them. However, it has literally been decades of high prices and cuts over the years.
Rogers could make the sporting assets a real money spinner but they also seem to acquire assets, debt and high fees with other cuts in service. Meanwhile, telecom competition is growing while profits remain high. It could be Rogers feels more heat if their teams are chronic underperformers.
Friday, September 20, 2024
Party City Expands in Winnipeg and Canada
The company should not be confused with Winnipeg-based Party Stuff which has three locations in the city and has existed since since the 1950s and owned by the Glass family since 1982. Their Polo Park location on Century has been there since 1985. The family also has a Halloween shop on Regent in addition to their other Party Stuff locations.
Party City, owned by Canadian Tire, should be not be confused with the Spirit Halloween stores either. This is one of their big competitors although those stores are only in places less than half a year. It would be a mistake to think that party stores are only about the holidays certain times of year. They are for milestones and fundraisers as well as retirements and birthdays.
Winnipeg has rated two new stores of the four that are newly built for Party City.
Locations of the four new stores:
- Party City Kanata, 501 Earl Grey Drive, Kanata, ON
- Party City Kitchener Sunrise Centre, 1400 Ottawa Street South, Kitchener, ON
- Party City Winnipeg Kenaston, 1765 Kenaston Boulevard, Winnipeg, MB
- Party City Winnipeg Polo Park, 1545 Portage Avenue, Winnipeg, MB
The former EQ3 location at Polo Park is one location. Since the furniture store moved into the old Sears, the old EQ3 sport has looked for a permanent replacement. It held a Spirit Halloween store strangely enough. Party City should find the Polo Park spot a busy location. And for Cadillac Fairview, the store is a unique attraction.
The other location opened is the former Nygard store in Linden Woods. It seemed a big reach to find a single retailer to take over the large space but Party City has filled the whole spot.
The one stop aspect of a party store is favoured by many. Walmart and Costco just don't carry as many balloons and knick knacks, decorations. The party stores also cover other religious and ethnic celebrations well. It just don't feel like a Christmas store. Halloween though has grown into an enormous industry in the last years.Thursday, September 19, 2024
More Housing for Seasons in Tuxedo Site
The Seasons of Tuxedo and Seasons in Tuxedo area has been non-stop construction for more than a decade. IKEA has been up since 2011 years and the area on both sides of Sterling Lyon have been transformed. From zero population back then as industrial land, it now has thousands living and working there every day.
Thursday, September 12, 2024
Canada's Couche-Tarde-Circle K Attempting Takeover of 7-Eleven
It sometimes comes as shock to North Americans that 7-Eleven is owned by the Japanese. It has been since 1991 when it bought a bankrupt Southland in Dallas, Texas that owned the company. The late 1980s and 1990s saw major purchases by Japanese companies of assets in North America. At the time it caused all sorts of fear. However, Sony and 7-Eleven among them, have been good owners of these assets. Perhaps, they might have been run better because they were Japanese.
At the moment Nippon Steel is trying to takeover U.S. and both Republicans and Democrats are vowing to block the deal. The U.S. steel manufacturer says that without the takeover thousands of American jobs will be lost. With this in mind. a decision either way on the steel purchase could factor in on the 7-Eleven purchase by Canada's largest convenience store owner. If the steel deal goes through, questions will arise about the ability of takeovers going the other way. If the deal doesn't go through, Japan can make similar arguments about why the 7-Eleven deal should not go through.
Circle K has been around as a brand in western Canada since 2018. It was part of a re-branding of the Mac's Stores that dotted the city for decades. Mac's logo once had been a cat's head that eventually became a red owl. Circle K's owner Couche-Tarde essentially means "night owl."
The first acquisition bid by Circle K has been rejected as being too low and not taking into account antitrust. The combined assets of 7-Eleven and Circle K in North America could bring calls for a sell off of some stores and gas stations. A Circle K and a 7-Eleven on the same corner from one another would hardly be competitive.
People in Winnipeg are familiar with this with Sobeys and Safeways using the same flyers while often being across the street from one another. Sobeys was required to sell some stores in Winnipeg to complete their purchase but there are still many stores very near one another. This is the case across much of western Canada.
The owners of 7-Eleven have asked the government to declare the company part of their national security core assets. The Japanese government seems reluctant to do that since the company essentially bought a U.S. company and asking that it be declared forever Japanese could hurt other trade. As mentioned before, Nippon Steel's deal for U.S. Steel depends on each country mostly staying out of it except where it comes to antitrust.
While 7-Eleven might have the same owner in Japan and Canada, they operate with their local customers in mind. However 7-Eleven has far fewer locations in Canada than what is found in Japan. In Canada all magazines have been purged from the stores. There used to be a whole row. Japanese 7-Elevens still have a row of them. It is not uncommon to see 20 or 30 people casually reading inside stores. Some stores are dropping the magazines but it is at a slower pace that it has been for Canada.
What Japan has purged are Slurpee machines in some stores. They just not big sellers compared to Canada. In some stores there a 20 flavours of Slurpees lined up along with the Big Gulp dispensers. Japan sets up more space for food sales, especially, rice balls known as onigiri. Chicken and other items are fresh every day at the store. With literally thousands of stores in Japan, deliveries are made multiple times a day of product. Canada has under 620 7-Eleven stores for the whole country. Winnipeg has many stores but at least four due to issues of lease or crime have closed. The city could lose ten more and crime has been blamed by top execs of the corporation.
Canada has its own executive offices of 7-Eleven in Surrey, B.C. and world-wide executive offices are in Irvine, Texas. Ownership and management of 7-Eleven is in Tokyo. Canada has it's execs appointed by world head office. For the first time in 15 years it is headed up by a Canadian.
All things being equal, a takeover of Circle K by 7-Eleven is just as likely a scenario. The issues of antitrust would still apply. The 7-Eleven company has outbid Circle K a number of times for U.S. assets. The only reason Circle K appears stronger is that they have been assessed as having more market value and are favourable to shareholders.
If Circle K takes over 7-Eleven, it might eventually get approved by their board only if there is a plan that the U.S. and Japan and other countries can agree on. In Japan the Fair Trade Commission could order some aspects of 7-Eleven divested such as banking or other aspects of the business. However, since Circle K is not in the Japanese market in a big way, it will be curious what concerns they might raise.
While 7-Eleven is a very successful company, it is has underperformed the market for five years. It is has not increased shareholder value despite acquisitions. The market valuation for the company is below Circle K which has had very successful shareholder increases. There are shareholder activists in 7-Eleven who are pushing the company to do better. They might not support the Circle K bid based on not enough money offered but they won't support the company running to the government to thwart the takeover based on nebulous national security claims. Nor will the government likely allow two Japanese konbini companies to combine to take a 60% presence in Japan just to keep out Circle K.
As good a company as 7-Eleven is, the low shareholder value makes them vulnerable. Couche-tarde has asked for a meeting to see what the board of 7-Eleven might be looking for. It is a meeting that that they can't easily rebuff. If 7-Eleven itself is looking for new acquisitions around the world, it can ill afford to look as if they can buy assets and no Japanese asset is available for sale due to their efforts and government protection.
Make no mistake, the thousands of 7-Elevens in Japan have become part of the culture and a critical supply chain provider of so much. I was present when in Japan when the purchase took place in 1991. The stores were popular but in the last decades they have taken off and are clearly everywhere. Other konbini stores that are prolific are FamilyMart, Daily Yamazaki and Lawson. In my hometown on Tsuru, I had a Daily store and a FamilyMart within walking distance. I preferred FamilyMart for their fresh sandwiches. However, both had fresh foods I liked that they were close. A 7-Eleven was about a 20 minute drive from by scooter so I went there from time to time. Back then the Slurpees were limited to a few flavours and like a lot of Canadians outside Canada, I felt the Slurpees were different and not as good. I have felt this way about Slurpees in the U.S. as well.
As far as the rest of the store went, it had snacks and product not found in Canada. Fresh sushi is always there as well as rice balls. However, at Japanese 7-Elevens you can buy concert tickets and pay bills in addition to the ATM. All Japanese stores have free Wi-Fi which is a popular attraction. It doesn't appear to be the case in Canada or the U.S. as a corporate-wide thing. It is just a few examples of how service is all about how Japanese 7-Eleven's operate.
Canada does innovate in ways unique to its market. Throughout Canada, a large number of stores will be serving alcohol in a small lounges. In Winnipeg that will be at their Ness location where 10 seats will be reserved for 18 and older for cider, beer and wine. The area will be open 12 to 11 every day. Some people thought it was a bad idea but some people thought movie theatres and alcohol was a bad idea and today Cineplex in Canada outperforms the market.
Some 7-Elevens in Canada sell gas but it is seen less in Manitoba than other areas. Circle K in North America is more likely to be a seller of gas. Another offer is likely for 7-Eleven from Circle K soon. However, it is entirely possible that Circle K makes an approach to Mitsubishi to buy Lawson instead. The convenience store subsidiary is enormous as well and might be more amenable to a purchase offer.
Regardless if Circle K and 7-Eleven become one company, it is likely they will continue to innovate and offer more fresh food. In Winnipeg, the big question is how will 7-Eleven and other convenience stores deal with the issue of crime. In Japan crime is not something most of the stores have to worry about. In much of Japan, vending machines are everywhere which seems impossible in much of Canada.
If the companies ever combined in Canada, it would mean the 2,100 stores of Circle K and the 620 stores of 7-Eleven would start to have the synergy that Japan has to keep prices down and deliveries coming a few time a day. It still would come close to the amount of stores Japan has and how much competition there is.