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  1. Tensions build over Roxboro high-rise project by Raffy Boudjikanian Article online since November 24th 2009, 13:00 Holly Arsenault shows the property line dividing her land from that of a developer whose potential project leaves many on Fifth Avenue North in Roxboro unhappy. Chronicle, Raffy Boudjikanian. Tensions build over Roxboro high-rise project Even as some residents of Fifth Avenue North in Roxboro, a dead-end street lined with single-unit bungalows, are concerned over the possible development of a multiple-storey condo at the end of their street, Pierrefonds officials at a lively public meeting last Wednesday night were at pains to explain nothing could move ahead yet. "Before the project can be accepted or acceptable, the developer must present plans that conform to our legislation. For now, that isn't the case yet," said Pierre Rochon, urban planning and business services department director, in answer to citizen questions. However, residents are concerned after seeing land surveyors walk into the swampy wooded area over the last few weeks. Holly Arsenault, who lives in a home right on the property line of the area, even said one of them told her the owner, Jacob Wolofsky, has already acquired all necessary permits and construction will begin in February. "If that's true, he's dreaming in colour," Rochon replied. When The Chronicle went to visit the street last Thursday, Arsenault showed a row of rocks that separates her yard from Wolofsky's property. Planted alongside both sides of that makeshift border are 45 trees, which Arsenault said play a large role in keeping her home from flooding when nearby Rivière des Prairies rises in the spring. "He said he's going to cut them down," Arsenault said, adding about half of them are on the developer's side. Another Fifth Avenue North resident, France Marsant, voiced her displeasure at the Wednesday meeting too. "Our street had a very peaceful, very calm character," she said. "We find it unthinkable to have a big block of eight floors on the street, which could lead to 300 cars going into the street by the summer." Borough Mayor Monique Worth insisted Pierrefonds was doing all in its power to ensure legal norms force the developer to create a reasonable project. "Our norms are getting higher and higher," she said. Rochon said previous bylaws allowed a 12-storey high project on the site, but the borough's revisions have already cut that size down to eight. At least one resident of the street was skeptical anything could be built at all. "I wouldn't even invest a cent into that land, it's a swamp," said Michel Davuluy, who has been living there for several years. After the meeting, Worth conceded the city of Montreal would, in an ideal world, like to buy up that land and turn into green space. "I think, in a way, we would like it to be a part of green space that would start, let's say, west of the Rapides du Cheval Blanc and end with that piece of property," Worth said. "But we can't force him to sell at a lower price because we would like to. It's up to him, it's his decision," she said. Though the land is valuated at about $188,000, a purchase by Montreal would cost millions because it is a public body, Worth said. Montreal had a right of expropriation on the property in question up to last May, but did not renew it after it expired, Marsant mentioned at the meeting. Wolofsky did not return calls for comment.
  2. La Fed a décidé mardi de maintenir son taux directeur à 2% mais a toutefois noté que les tensions sur les marchés financiers avaient «fortement augmenté». Il ne s'agit pas d'une surprise alors que les analystes tablaient sur un maintien. Pour en lire plus...
  3. Les cours ont bondi jusqu'à 51,86 $ US à Londres, dopés par les tensions géopolitiques au Proche-Orient et par la réduction des livraisons de gaz à l'Europe. Pour en lire plus...
  4. Encouragés par la faiblesse du dollar américain et les tensions géopolitiques, les cours du brut ont atteint un nouveau sommet historique lundi. Pour en lire plus...
  5. Intensification de la crise financière, graves tensions sur les marchés, récession mondiale - légère toutefois -, la Banque du Canada dresse un portrait sombre dans son rapport sur la politique monétaire dévoilé jeudi. Pour en lire plus...
  6. Les prix du pétrole ont dépassé les 48 $ lundi à New York, confirmant le rebond observé en fin d'année, tirés par les tensions géopolitiques au Proche-Orient et en Russie. Pour en lire plus...
  7. Ce sont les difficultés d'Icesave, filiale en ligne de Landsbanki, l'une des banques islandaises nationalisées la semaine dernière, qui ont fait éclater la crise entre Londres et Reykjavik. Pour en lire plus...
  8. En attendant la décision sur le taux directeur qui sera annoncée plus tard mardi, la Réserve fédérale injecte des milliards pour apaiser les tensions sur le crédit. Pour en lire plus...
  9. Il admet cependant que les tensions géopolitiques entre la Russie et la Géorgie vont certainement «refroidir un peu les investisseurs», a indiqué le numéro deux de l'Agence internationale de l'Énergie. Pour en lire plus...
  10. Le marché interbancaire poursuivait sa détente jeudi, l'Euribor et le Libor profitant de la forte baisse anticipée par les investisseurs des taux de la Banque centrale européenne (BCE), sur fond de tensions déflationnistes. Pour en lire plus...
  11. La défiance continuait de dominer mardi le marché interbancaire, où le Libor et l'Euribor à trois mois poursuivaient leur ascension. Pour en lire plus...
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