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Carnival Cinemas moving downtown: Owner Bill Ramji buys former Uptown Cinemas from RDP

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News release from Red Deer Polytechnic (RDP)

Red Deer Polytechnic Sells Welikoklad Event Centre

Red Deer Polytechnic (RDP) has sold the Welikoklad Event Centre in downtown Red Deer to a new owner who has plans to revitalize the facility as a movie theatre. RDP purchased the Welikoklad Event Centre in 2012. For many years, the Centre served as a valuable learning space for students in a variety of programming, including arts and business. The facility also served as a community hub, where RDP hosted a variety of events for different organizations. With the evolution of time, and RDP’s mix of industry-relevant arts and business programs transitioning back to main campus, the Welikoklad Event Centre no longer serves the same purpose for the post- secondary institution as it once did.

“As we’ve reviewed our future strategic plans relating to program growth and facility usage, to best serve our students, industry partners and community members, we are confident we can meet everyone’s needs at our other campuses,” says Jim Brinkhurst, Vice President, Finance and Administration & Chief Financial Officer, Red Deer Polytechnic. “We feel that now is a good time for the institution to sell this facility and we are pleased to see it repurposed for other community uses that will continue to serve Red Deer and downtown well.”

The Welikoklad Event Centre has been purchased by local business owner, Bill Ramji. He owns Carnival Cinemas, currently located in the Capstone neighbourhood. Future development is planned on the current site of this movie theatre and community gathering space. Ramji is excited to revitalize the theatre’s nearly three decades of history in Red Deer at its new location (which will be renovated before opening) in the heart of downtown.

“Carnival Cinemas is proud to announce the acquisition of the Welikoklad Event Centre from Red Deer Polytechnic, marking an exciting new chapter for this venue and the downtown arts community,” says Bill Ramji, Carnival Cinemas owner. “With this acquisition, Carnival Cinemas reaffirms its commitment to bringing the best value in movies to central Alberta while expanding its focus on supporting local theatre and the performing arts. The Welikoklad Event Centre, previously The Uptown Theatre, was a hub for film lovers and creative voices, and Carnival is eager to build on that legacy.”

Ramji continues, “We’re excited to move forward as Carnival Cinemas and Event Centre and our goal is to continue providing high-quality movie experiences, while also working hand-in-hand with local artists, performers, and theatre groups to enrich downtown Red Deer’s cultural landscape. Carnival Cinemas & Event Centre looks forward to collaborating with the arts community and the broader public to ensure the space remains a vibrant and inclusive gathering place for film and theatre alike.”

RDP will continue to have a presence in downtown Red Deer, with their downtown campus located in the Millennium Centre. The downtown RDP campus is home to RDP’s Continuing Education and Corporate Training programs.

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A new federal bureaucracy will not deliver the affordable housing Canadians need

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Governments are not real estate developers, and Canada should take note of the failure of New Zealand’s cancelled program, highlights a new MEI publication.

“The prospect of new homes is great, but execution is what matters,” says Renaud Brossard, vice president of Communications at the MEI and contributor to the report. “New Zealand’s government also thought more government intervention was the solution, but after seven years, its project had little to show for it.”

During the federal election, Prime Minister Mark Carney promised to establish a new Crown corporation, Build Canada Homes, to act as a developer of affordable housing. His plan includes $25 billion to finance prefabricated homes and an additional $10 billion in low-cost financing for developers building affordable homes.

This idea is not novel. In 2018, the New Zealand government launched the KiwiBuild program to address a lack of affordable housing. Starting with a budget of $1.7 billion, the project aimed to build 100,000 affordable homes by 2028.

In its first year, KiwiBuild successfully completed 49 units, a far cry from the 1,000-home target for that year. Experts estimated that at its initial rate, it would take the government 436 years to reach the 100,000-home target.

By the end of 2024, just 2,389 homes had been built. The program, which was abandoned in October 2024, has achieved barely 3 per cent of its goal, when including units still under construction.

One obstacle for KiwiBuild was how its target was set. The 100,000-home objective was developed with no rigorous process and no consideration for the availability of construction labour, leading to an overestimation of the program’s capabilities.

“What New Zealand’s government-backed home-building program shows is that building homes simply isn’t the government’s expertise,” said Mr. Brossard. “Once again, the source of the problem isn’t too little government intervention; it’s too much.”

According to the Canadian Mortgage and Housing Corporation, Canada needs an additional 4.8 million homes to restore affordability levels. This would entail building between 430,000 to 480,000 new units annually. Figures on Canada’s housing starts show that we are currently not on track to meet this goal.

The MEI points to high development charges and long permitting delays as key impediments to accelerating the pace of construction.

Between 2020 and 2022 alone, development charges rose by 33 per cent across Canada. In Toronto, these charges now account for more than 25 per cent of the total cost of a home.

Canada also ranks well behind most OECD countries on the time it takes to obtain a construction permit.

“KiwiBuild shows us the limitations of a government-led approach,” said Mr. Brossard. “Instead of creating a whole new bureaucracy, the government should focus on creating a regulatory environment that allows developers to build the housing Canadians need.”

The MEI viewpoint is available here.

* * *

The MEI is an independent public policy think tank with offices in Montreal, Ottawa, and Calgary. Through its publications, media appearances, and advisory services to policymakers, the MEI stimulates public policy debate and reforms based on sound economics and entrepreneurship.

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Mark Carney Thinks He’s Cinderella At The Ball

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And we all pay when the dancing ends

How to explain Mark Carney’s obsession with Europe and his lack of attention to Canada’s economy and an actual budget?

Carney’s pirouette through NATO meetings, always in his custom-tailored navy blue power suits, carries the desperate whiff of an insecure, small-town outsider who has made it big but will always yearn for old-money credibility. Canada is too young a country, too dynamic and at times a bit too vulgar to claim equal status with Europe’s formerly magnificent and ancient cultures — now failed under the yoke of globalism.

Hysterical foreign policy, unchecked immigration, burgeoning censorship and massive income disparity have conquered much of the continent that many of us used to admire and were even somewhat intimidated by. But we’ve moved on. And yet Carney seems stuck, seeking approval and direction from modern Europe — a place where, for most countries, the glory days are long gone.

Carney’s irresponsible financial commitment to NATO is a reckless and unnecessary expenditure, given that many Canadians are hurting. But it allowed Carney to pick up another photo of himself glad-handing global elites to whom he just sold out his struggling citizens.

From the Globe and Mail

“Prime Minister Mark Carney has committed Canada to the biggest increase in military spending since the Second World War, part of a NATO pledge designed to address the threat of Russian expansionism and to keep Donald Trump from quitting the Western alliance.

Mr. Carney and the leaders of the 31 other member countries issued a joint statement Wednesday at The Hague saying they would raise defence-related spending to the equivalent of 5 per cent of their gross domestic product by 2035.

NATO Secretary-General Mark Rutte said the commitment means “European allies and Canada will do more of the heavy lifting” and take “greater responsibility for our shared security.”

For Canada, this will require spending an additional $50-billion to $90-billion a year – more than doubling the existing defence budget to between $110-billion and $150-billion by 2035, depending on how much the economy grows. This year Ottawa’s defence-related spending is due to top $62-billion.”

You’ll note that spending money we don’t have in order to keep President Trump happy is hardly an elbows up moment, especially given that the pledge followed Carney’s embarrassing interactions with Trump at the G7. I’m all for diplomacy but sick to my teeth of Carney’s two-faced approach to everything. There is no objective truth to anything our prime minister touches. Watch the first few minutes of the video below.

Part of the NATO top-up we can’t afford is more billions for Ukraine which is pretty much considered a lost cause. NATO must keep that conflict going in order to justify its existence and we will all pay dearly for it.

The portents are bad. This from the Globe:

We are poorer than we think. Canadians running their retirement numbers are shining light in the dark corners of household finances in this country. The sums leave many “anxious, fearful and sad about their finances,” according to a Healthcare of Ontario Pension Plan survey recently reported in these pages.

Fifty-two per cent of us worry a lot about our personal finances. Fifty per cent feel frustrated, 47 per cent feel emotionally drained and 43 per cent feel depressed. There is not one survey indicator to suggest Canadians have made financial progress in 2025 compared with 2024.

The video below is a basic “F”- you to Canadians from a Prime Minister who smirks and roles his eyes when questioned about his inept money management.

He did spill the beans to CNN with this unsettling revelation about the staggering numbers we are talking about:

Signing on to NATO’s new defence spending target could cost the federal treasury up to $150 billion a year, Prime Minister Mark Carney said Tuesday in advance of the Western military alliance’s annual summit.

The prime minister made the comments in an interview with CNN International.

“It is a lot of money,” Carney said.

This guy was a banker?

We are witnessing the political equivalent of a vain woman who blows her entire paycheque to look good for an aspirational event even though she can’t afford food or rent. Yes, she sparkled for a moment, but in reality her domaine is crumbling. All she has left are the photographs of her glittery night. Our Prime Minister is collecting his own album of power-proximity photos he can use to wallpaper over his failures as our economy collapses.

The glass slipper doesn’t fit.

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