South Bayview Bulldog Admin

First Capital debentures worth $75 million

First Capital Realty Inc., owner of the Leaside Village development at Laird Drive and Esander Drive, has raised $75 million through a sale of convertible debentures, it was announced today. As quoted in the Daily Commercial News newspaper, a press release says: “First Capital Realty will use the net proceeds from the offering for development and redevelopment activities, acquisitions and for general corporate purposes.”  Work is proceeding quickly on Leaside Village, a commercial and retail development which will feature the restored Canadian Northern Railway locomotive repair shop (inset)).   It may be recalled that the South Bayview Bulldog reported on First Capital’s $110 million purchase of the well known downtown shopping mall, Hazelton Lanes about a kilometre from the Ontario Legislature building. at Queen’s Park.  Buyers of the debentures get 4.75 per cent interest per year (paid semi-annually at the end of March and September) and can also convert their debentures into stock at a conversion price of $23.75 per share, meaning an investor who bought $1,000 worth of debentures would get about 42.1053 common shares. The debentures are due March 17, 2017.

Starbucks in-store deals with Target, Longos

Agreements by Starbucks with Target Corp .and Longos supermarkets may well see two more outlets bearing the familiar sign of the Green Mermaid in South Bayviewland.  Target has had a deal with Starbucks in the U.S. for some time. It has now extended that opportunity to open Starbucks in its stores to Canada. In 2013 Target will open in the East York Town Centre at 45 Overlea Blvd. Further, a standing agreement with Longos may see a Starbucks there when that grocery store opens in the new Leaside Village complex at Larid Drive and Esander Drive. 

Investment tourists at Manor and Yonge

Visiting Chinese members of the Edward Jones investment organization snap pictures of Canada at the corner of Manor Road and Yonge Street. Friday, February 17, 2012. This group is from Yian Jin, the port city of Beijing.

User fees a concern for local sports groups

Local baseball groups are dealing with the fairly sudden appearance of user fees at City playing fields. Andrew Pace, president of the East York Baseball Association, is quoted as saying he hasn’t figured the total cost yet but he is concerned that there hasn’t been time to plan for the charges  With registration underway for the coming season, Pace said he learned only a week ago about the fees. Previously not-for-profit associations for youth were able to use city sport fields for free, but starting this year the fees will be $10.62, $7.08 and $5.31 per hour depending on the type of field used. Pace said the association uses multiple fields for as much as three hours every weeknight and 12 hours on weekends for the three months the season runs.  A rate of 10.76 using three fields a night plus weekends might yield a fee of more than $600 a week. It seems hefty for kids to play ball.  Mr. Pace is asking local councillors to try to implement a phased in fee.  For his part, John Morgan of the Leaside-East Toronto Soccer Club said he didn’t thik the fees would have more than an incidental impact. He noted the club uses fields in the lowest category, about $5 a n hour. He too complained of not enough notice.

Is Don Drummond Premier Dad’s Straw Man?

It’s no doubt true that the McGuinty Government has spent us into a heck of a hole. But the way in which Don Drummond, the former chief economist of the TD Bank, has gone about describing our plight is a masterpiece of style. His tone might have come from Winston Churchill’s  Blood, Sweat and Tears speech. So what’s up? Some will say that the crafty Dalton McGuinty has created a dandy straw man to beat up as needed.  It’s quite extraordinary, for example, that an expert consultant should have his recommendations dismissed out of hand on the same day his report is made public. But that’s what Finance Minister Dwight Duncan did with the proposal to cancel all-day kindergarten. What a great chance for the Government to look like defenders of the family. Happy Family Day.The report is replete with things that will mean certain death for the Government. It’s hard to take it seriously. End drug benefits for seniors? A political bullet to the brain.  Are we to believe that a Government that cancels power plants in mid-construction to save a few votes will do any of this?    

Community council opposes casino for Toronto

The sides are being drawn up on the question of a casino for Toronto. Meetings of Toronto and East York Community Council and Scarboro Community Council on Tuesday revealed quite different sentiment. As reported in Inside-Toronto, Scarboro councillors with one exception voted to consider the possibility of a casino. The suggestion is that it is one way for the City to make money to build a subway to its eastern reaches. Toronto and East York councillors however voted to ask the chief planner to report within six months on “any necessary actions” which may be needed to prevent a casino. Casinos are already illegal in Toronto. Toronto and East York as defined by the Council’s jurisdiction includes Leaside and all of that happy precinct we call South Bayviewland. . 

Town Crier is finalist at local papers awards

The Town Crier newspaper and associated publications elsewhere are carrying stories online that they have been named finalists for seven awards in the Better Newspaper Competition Awards by the Ontario Community Newspapers Association. Take a look.

Baby brigade grabs good weather

Daycare workers guide their young wards down the broad sidewalks of South Bayview Wednesday morning. It’s always a pleasant sight. The sun burst through just as this picture was taken. It seems there is a chance this afternoon that we will get some more of that. The Weather Channel forecasts “variable cloudiness”. That means it won’t be cloudy.all the time and thus our chance to see the sun. The temperature is forecast to rise to 4C this afternoon . 

Pekingese wins Westminster Best of Show

A 4-year-old Pekingese named Malachy has won Best of Show at the 136 Annual Westminster Kennel Club Dog Show in New York. Malachy was said to be the crowd favorite.  Handler David Fitzpatrick said the little dog would now retire to the life of a house pet, saying  “he won’t be doing commercials, he’s been working hard enough for the past two years.”

Hope you got through Valentine’s okay

Hope you got through Valentine’s Day okay. Love is wonderful and if you stuck with Love then  you were fine.  On the other hand, if you dipped into the Valentine’s Day information your sincere affection was reduced to silliness. For example,  news that your “Valentine’s kiss” might be full of toxic lead and finish your love-making days forever is silly. Hope you missed that one. Or, if you were troubled by whether men really cared about getting a Valentine’s gift — they don’t. Of course they don’t. It’s their job to give. Both desperate and silly is this news story headlined: Obama spends Valentine’s with future Chinese leader. Why do they write this stuff?  Did the two of them cuddle? Exchange candies?  Silly. 

Etobicoke wants free vote in Legislature

Etobicoke Community Council has voted 11 to 8 to ask Premier McGuinty to stage a free vote in the Legislature on whether Toronto should have subways or LRTs. It’s a remarkable request which seems to have little chance of happening. “The recent decision by Council to move ahead with above-ground light rail transit initiatives poses a number of concerns,” the letter says. It was tabled at community council this morning by Councillor Cesar Palacio.

Resident confronts B&E thief on Hillhurst

TPS report: A resident of Hillhurst Boulevard reports that between 2000 hours and 2025 hours on February 7, 2012, entry was gained into the premises by a rear door. The resident encountered the male suspect in the bedroom of the residence rummaging through jewellery boxes. The suspect then fled the scene in an unknown direction. Removed was a quantity of cash and jewellery. No injuries were sustained by the victim. Police are requesting the assistance of the public in identifying the following described person in connection with this offence. Description of Suspect: Male, 5’10” to 6’, 200 to 229 pounds, stocky build.