Expression of Interest for Old Infirmary Site

first_img The province is looking for creative plans to develop a primepiece of downtown Halifax real estate. Advertisements for expressions of interest for the development ofthe Old Halifax Infirmary site are being placed in newspapersbeginning today, Aug. 27. “We expect that we’ll receive many responses to this expressionof interest, as this is a high profile site in a valuablecommercial area of Halifax,” said Transportation and Public WorksMinister Ron Russell. “The development of this site has thepotential to greatly benefit the community.” The expression of interest document asks respondents to prepare avision for the site, including: predominant uses, urban design,and the proposed relationship to the Halifax Municipal PlanningStrategy. “We want to see creative approaches and a quality developmentplan for the Old Infirmary site,” said Mr. Russell. “Achievingthe best use of the site is important to the people of Halifaxand to the province.” The Old Halifax Infirmary is in poor condition and cannot berenovated. Interested parties will be asked to incorporatedemolition and cleanup costs and plans into their developmentstrategies. The hospital was closed by the Queen Elizabeth II Health SciencesCentre, which conveyed the land to the Department ofTransportation and Public works in 1998. The Department ofTransportation and Public Works manages the site and will overseethe submission of expressions of interest. The site is approximately 3.5 acres and has frontage on QueenStreet, Spring Garden Road and Morris Street. It includes aparking lot now being used by Dalhousie University. A portion of the site, known as Gerard Hall, is being leased toDalhousie University and is not included as a component of theExpression of Interest. Any new development will need to include111 parking spaces for the university. The province is advertising nationally and locally for thisexpression of interest. Interested parties are being asked tomake submissions by Oct. 23. Details of the Expression of Interest are available at: www.gov.ns.ca/tran/tour/ptns/scanfile/60119082.pdf . TRANSPORTATION/PUBLIC WORKS–Expression of Interest for OldInfirmary Sitelast_img read more

EU regulators fine Mastercard more than half a billion euros

BRUSSELS — The European Commission has fined Mastercard 570 million euros ($648 million) for stopping retailers from looking for better card payment terms at banks around Europe.The Commission, which polices competition, said Tuesday that Mastercard’s rules prior to 2015 forced retailers to pay certain bank fees in the country they are located rather than let them shop around.EU Competition Commissioner Margrethe Vestager said that “Mastercard’s rules artificially raised the costs of card payments, harming consumers and retailers in the EU.”Mastercard, which also controls the Maestro brand, is the second-largest card program in Europe.The Commission says the size of the fine was based on factors like the value of sales relating to the infringement and its gravity.Mastercard was granted a 10 per cent reduction for co-operating with investigators.The Associated Press read more