Out &
About

Big spender
ALCAN spent $12.6 million
with 122 supplicrs in the
Terrace arca in 1998.

The company’s annual
analysis of the economic ef-
fects of its spending found
Terrace was second only to
Kitimat, where spending
topped $29 million.

**This is due to both Ter-
race’s proximity to Kitimat
and to the numerous service,

: : _ cluded that government kinds of ideas being genera- 3 =
Conner cial and industrial regulation and taxation ted around the province. Terrace area trades unions Ger ry Martin
enterprises that have located hampers investment and The key conclusion from can’t participate with their to the same place, basical-
in Terrace because of its im- productivity. last fall’s Summit in Van- input. We're all trying to get ly,’’ he said,

portant crossroads location
in the region,’’ the sludy
said,

Terrace and Kitimat to-
gether accounted for $41.8
million or 92 per cent of the
$46.7 million the company
spent in the northwest in
1998,

Alcan’s spending in Ter-
race has climbed rapidly in
the last few years, from $3.4
million in 1994 to $8.9 mil-
lion in 1996 to $12.6 million
today.

Total spending was $111.7

RRACE STANDARD.

MH More bricks

THE FRONT of the Tillicum Twin Theatres build-
ing got a new look last week as the owners opted
to put brick sidewalks in front. City crews im-

A KEY voice for business
in B.C. is aking to ihe road
this fall fora series of public
hearings.

In doing so, the B.C. Busi-
ness Summit wants to gather
ideas and opinions it can
then usc to conviice the
provincial govemment to
make policy changes.

The Summit, a collection
of large and small business
interests, last fali held a ses-
sion in Vancouver and con-

And now by holding 13
hearings, one of which will
be in Terrace, the Summit
plans to broaden its ap-
proach.

That’s imporlant for the
regions of the province can
often be ignored, says
Terrace-based businessman
and Northern Drugs co
owner Gerry Martin who is
taking a lead role in the
hearings.

“There's been some good
work done by people up

“The Northwest Citizen’s
Coalition has some good
ideas and plans for salmon
farming in Prince Rupert,
for example, show what can
be done,’’ he added.

The plan is to assemble
12-15 panelists who will
then be divided into four or
five groups to conduct the
hearings.

Martin hopes the panelists
will be sent outside - their
home areas to learn the

couver was that lower taxes

and less red tape will lead to
an overall economic im-
provement benefiting
businesses and individuals.

It called for a three-year
provincial tax reduction
plan amounting to $1.5 bil-
lian.

The Summit also wants
the federal government to
reduce its own tax levels.

Martin said the Summit
and its plans for regional
hearings shouldn’! solely be

ae ° here that needs to be taken as an attack on the
million, with 72 per cent of ff, j , '
that or $79.9 rillion proved the street and curb at the same time. beat,” said Martin last current provincial govern-
. t

spent in B.C,

Real estate

sales fall

THE AVERAGE selling
price of homes here con-
tinued to fall through the
first half of 1999.

Average prices of homes
sald in Terrace in the last
six months were $132,007
—- down from $147,833 at
the end of December and

$161,116 a year.dgo, ac-.

cording to the B.C. Northen
Real Estate Board,
Seventy-five MLS sales

were recorded so far this —

year,

Kitimat house prices also
fell in the last six months
from an average $136,226
to $127,082. Prince. Rupert
selling prices fell to
$115,000 from $126,121 six
months ago.

Fancy lodge

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Hideo Morita, son of the
founder of Japan’s Sony
Corp., put up the $4.5 mil-
lion to build the lodge and
offer guests a vacation
retreat = specializing in
wildemess adventure.

The King Pacific Lodge
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primarily U.S., Asian and
European clientele,

It will be run by a staff of

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Business Summit hits the
road to push for changes

“We're striving hard to
keep partisan politics from
this — from creeping into
this kind of thing,”’ he said.

“We want to slay away
from government bashing,
quite honestly.”’

Instead, said Martin, the
goal is to gather ideas which
can be tumed into sugges-
tions for changes in govern-
meut policy.

“That’s why we'd like to
hear from — everybody.
There’s no reason why the

Hurry in!
Visit us for a ballot!

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