In another example of how Alberta’s economy is suffering, Ritchie Bros. Auctioneers is putting an entire work camp in the province for sale.
Touted in a press release as one of the biggest items ever put up for grabs by the auctioneer in its 55-year history, the 1,200-person work camp includes “all the modern conveniences of the big city,” including a gym, a medical clinic, a full-service dining room and a bar.
The camp, built by ATCO in 2013, is located approximately 50 kilometers outside Peace River in northwestern Alberta. Here are some of the amenities the facility offers:
1) A fully-functioning kitchen capable of catering all its inhabitants in an hour and a half.
2) A bar/lounge area with six TVs.
3) A recreation room with pool tables, ping pong tables, foosball and golf simulators.
4) A gym complex with two squash courts, a 200-metre indoor running track and gym equipment.
5) 21 dorms, each measuring approximately 160 square feet. 1,232 executive-style rooms in total.
6) A security office and IT server rooms.
7) WI-FI coverage throughout the facility.
Ritchie Bros. has benefited from the dire economic situation in Canada’s energy patch. In April, the company sold $240 million worth of equipment in Edmonton, marking the company’s largest auction in Canada.
“Approximately 46 per cent of the equipment was purchased by Alberta buyers, showcasing the strength and size of this market even when there are economic challenges," Senior VP Brian Glenn said in a statement last May.
The company sold more than $120 million worth of equipment in a different Edmonton auction in February. Glenn partly attributed the size of that auction to Alberta’s economic climate.
Ritchie Bros. director of investment relations Jamie Kokoska said that, in spite of the economic environment, much of the equipment is staying in the province.
“While the oil and gas downturn has affected many, there is still ample demand for heavy machinery in the Alberta market,” he told BNN in an email.
Kokoska said the camp has generated a lot of interest and that they’re confident a sale will occur shortly.