Building permits keep pace.Building permits keep pace Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships. Mayor Jack Masters John Gerald (Jack) Masters (born September 27, 1931 in Fort William, Ontario) is a former Canadian politician. He served as mayor of the city of Thunder Bay, Ontario, and as a federal Member of Parliament. says that, surprisingly, building permits in the city so far this year have kept pace with 1989. Masters says there has been no appreciable ap·pre·cia·ble adj. Possible to estimate, measure, or perceive: appreciable changes in temperature. See Synonyms at perceptible. sign of a fall-off, although he thinks that it will happen with the general downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. in the economy. Municipal figures for the period between Jan. 1 and Aug. 1 indicate that 1,024 permits were issued for construction worth $58.49 million. Masters points to a number of anticipated or approved projects in the city. They include a $20-million apartment complex, a centre for older adults and a senior citizens extended-care facility, which would be in the $14 million to $16 million range. Masters notes that a new industrial park, Balmoral 4, has just been opened and the approximately 30 lots are for sale. In fact, he says people are standing in line for the properties. The mayor also expects to see some major developments in the inner city area, including an expansion of the Inter City Plaza City Plaza is a shopping mall in historic downtown St. Albert, Alberta, Canada. This shopping plaza features heritage architecture and a European small shop ambience. It is home to BITNETS, the award winning technology business, other upscale offices and boutique-style shops. . |
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