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Old Posted Aug 24, 2008, 11:14 PM
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From June 6:

Quote:
Deal on parking opens door to build hotel print this article
DAVE STEWART
The Guardian

It appears that Dyne Holdings might break ground soon on a new hotel in the downtown core of Charlottetown.
The City of Charlottetown completed agreements Thursday guaranteeing Dyne 175 parking spaces.
The company told The Guardian Wednesday that it couldn’t move forward with an 85-room hotel on top of the Confederation Court Mall until the city and Charlottetown Area Development Corporation (CADC) finalized plans for new parking spaces.
A spokesman with the city corporation said Thursday CADC is comfortable enough to move forward.
That could mean a new parking garage or adding on to one of the existing three garages.
However, the city won’t budge on those parking spaces until Dyne Holdings formally secures a foundation permit to build the hotel.
The agreements the city signed on Thursday, worth an estimated $35 million, include the new hotel, renovations to the Confederation Court Mall and a new office tower on Fitzroy Street that would connect to the Queen Street Parkade.
Council gave the OK to the new office building in late April.
August 22:

Quote:
Wind farm gets infusion of cash
NANCY WILLIS
The Guardian

SOURIS — The East Point Wind Farm received a boost from the federal government's new ecoENERGY Initiative Thursday that could translate into as much as $9 million over the next 10 years for producing green power.
The grant is part of a $1.48-billion renewable power program aimed at increasing Canada’s supply of green energy from sources like wind, biomass, hydro, geothermal, solar and ocean movement.
Mike Allen, MP for Tobique-Mactaquac, was at East Point to present the grant on behalf of the federal minister of Natural Resources Gary Lunn. With him were provincial Energy
Minister George Webster and local MLA and Fisheries Minister Allan Campbell.
Allen said the East Point Wind Farm will receive one cent for every kilowatt generated over the next decade to a cap of $9 million.
“The 10 turbines at the East Point Farm have a total generating capacity of 30 megawatts which is enough green energy to meet more that seven per cent of the province’s electricity needs and that’s without a single kilogram of greenhouse gases,’’ he said.
Earlier in the day, Allen announced $2.8 million for the wind farm in Norway, P.E.I., where a project of nine megawatts is going up.
He acknowledged P.E.I.’s pioneer role in wind energy.
“We need these alternative forms of energy to bring competitive prices and wind will be that competitive price,’’ he said.
He cited Canada’s need to accelerate the time table, and said this ecoENERGY Initiative is providing a boost needed to reduce greenhouse emissions by 20 per cent by 2020. The grant money will be distributed to the wind farm in incrementals and can be used by the company for reinvestment or whatever it chooses.
Webster said the province is pleased with the ecoENERGY Initiative.
“We have had a great spirit of co-operation with the federal government in pioneering wind energy production over the last 10-15 years, and already P.E.I. is generating 18 per cent of its energy from renewable wind owned by the people of the Island.
“Now, we want to take that one step further and increase this development so our citizens can enjoy the economic benefits.’’
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