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I live in Edmonton, Alberta. Our skyline went virtually unchanged for 30 years until about 2013, when a sky scraper building frenzy took off, the culmination of
by Fricken 9y ago
I live in Edmonton, Alberta. Our skyline went virtually unchanged for 30 years until about 2013, when a sky scraper building frenzy took off, the culmination of a sustained oil boom. Over 40 towers were planned or under construction in 2014 when the price of oil bottomed out. A bunch of those projects were cancelled or put on hold, but enough of them went up.
So early 2014, if you stood in the right place you could spot 14 construction towers. Being familiar with the theory, I remember looking at all those cranes and thinking 'Oil is going to tank'. It did.