If you were listening to NOW Radio yesterday, you may have heard the heart-breaking story of Ed, a pensioner who received just enough money to pay his rent, and was forced to collect bottles so he could afford to eat. With no friends or family, he lives off bread and Kraft dinner. Adam Mckale set off a flurry of generosity when he offered to personally give Ed a $200 Walmart gift card. Listeners responded by offering money, gift cards and even a ride for Ed to get to the radio station to collect it. While every amount will undoubtedly make a big difference, one caller who owns a plumbing company made a $2,000 cash donation in addition to a handful of cards that Ed could redeem at any point to get $500 each whenever he needed it. We don’t even have a plumbing need and we want to hire that company.
It came the same week that architect and developer Gene Dub donated a $3M building so that homeless pregnant women will have a place to live. Dub purchased the building a number of years ago with the intent of fixing it up and renting it out, but instead decided to donate it to Capital Region Housing. Tenants are expected to move in shortly, and this is the first time in Capital Region Housing’s history that they had an entire building donated to them. According to Global News, there will be “18 studio and one-bedroom apartments where the women will live rent-free.”
On March 17th, we’ll also be participating in the Children’s Wish Poker Tournament. The event is presented by World Financial Group, with Executive Vice Chairman and local Edmontonian, Gregg Strynadka, having personally donated $10,000 in each of the past three years to make the event possible. Children’s Wish Foundation of Canada is the “largest and only all-Canadian wish granting charity dedicated to granting wishes to Canadian children between the ages of 3 and 17 who are diagnosed with a life-threatening illness.” The poker tournament has raised over $100,000 in the first two years and is hoping to make another significant contribution with the third event.
We’ll get back to commercial real estate topics next week. Today we just wanted to share a few reasons why we’re so proud to live in Edmonton.