The Number: 300 million
That's how many board feet of lumber suitable for cross-laminated timber are produced in the region per year, according to the Bureau of Business and Economic Research report featured in Sunday's News Tribune. While it would take a shift in production to get more of the bigger dimensions preferred by mass timber producers, sawmills said, essentially, no problem. The customer is always right, after all.
The Word: "Without new pipelines, Canada's oil and natural gas industry can't compete for a share of the global market. Instead, growing demand will be filled by other countries like Iraq, Libya and the United States," reads a new report from the Canadian Association of Petroleum Producers, reflecting on the recently announced delay to the Enbridge Line 3 replacement. The group lists as "potential markets" for Line 3-delivered oil as "Central and Eastern Canada, U.S. Midwest and Gulf Coast," which is important because exactly where the oil ends up and who it benefits is central to the Minnesota Department of Commerce's ongoing appeal of Public Utilities Commission approvals.
The Lead: I want to take a moment to recognize Roy Moline as co-founder of Duluth's longstanding Moline Machinery, who, through my own process of editing, I failed to mention in last week's story about the passing of Don Moline, his nephew.
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The Listing: 22,651 square feet of bare land overlooking the harbor recently hit the market for $299,900. It's some of the last buildable land in Central Hillside, unless our housing market reaches cash-bidding-war-for-tear-down levels a la Seattle, the place where sellers' dreams and buyers' nightmares collide. PS: After running the numbers, it seems like real estate, both residential and commercial, is a hot enough topic to bring up every week. So here's a trial balloon for that. Feel free to send me interesting listings, but don't expect me to put your name on it if I include it. Fair?
The Meeting: 14 and counting
It's Fuse Duluth's birthday bash from 5-7 p.m. Thursday at Clyde Iron, so be sure to bring your presence, har-har, and listen to me practice other dad jokes. Oh they're not giving me a microphone? Good, good. Register at www.duluthchamber.com - $25 for members and $35 for non-members aka prospective members.
The Memo is a weekly roundup of things to know, ya know? Send business news of all kinds to biz@duluthnews.com and give bad joke reporter Brooks Johnson a call every now and then at 218-723-5329.
