Sunday, January 17, 1999 — North Shore News — 14

Team scout Strikes out, takes a dive

HA, Japan — Katsutoshi Miwata, 33, the chief scout for the Orix Blue Wave base- ball team, leaped to his death trom the Pith floor of

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Property valuations decline on N. Shore

Robert Galster

News Reporter robert@nsnews.com

FOR the first time in recent memory proper- ty assessments across the North Shore show a decrease in property values.

“It’s the first time in about 15 years. The last time was about 1982,” said Calvin Smyth, North = Shore- Squamish Valley area assessor.

According to _ figures released by British Columbia Assessment sutherity last week, all three North Shore municipalitics have been hit by the slumping real ¢state market. Property assessments reflect values on July 1, 1998 and fluctuate from year to year depending on market trends.

“The marketplace dictates where the assessment goes,” said Smyth.

Stressed Smyth, “From July Ist to now, it (value of property) has gone down even further,” he added.

A single-family home in North Vancouver City that would have sold for $310,000 in the summer of 1997 dropped in value to approxi- marly $300,000 a year Jater. Townhomes and condomini- ums have either kept their val- ues or decreased slightly.

A similar scenario has developed in North Vancouver District. A single- family home that would have fetched $393,000 in 1997 would have sold for approxi- mately $380,000 a year later. District townhomes and con-

dominiums have likewise maintained their valuc or decreased slightly.

- Meanwhile — in West Vancouver, a single-family home that would have sold for $550,000 in the summer of 1997 would have dropped to between $540,000 and $545,000 a year later.

The drop was greater than the average in the Rritish Propertics where a home that would have sold for $800,000 in 1997 would only fetch $750,000 a ycar later.

The value of West Vancouver condominiums has moved very tittle wirh a small number. experiencing a slight drop.

Restylane is the new lip enhancing inaovation from $

an apartment building alter learning that his star recruit would probably sign) with another team.

Los Angeles, California — William Hart High School — se : Thomas Magee recently led students in making a tennis- ball-firing cannon propelled by methanol.

But) something went wrong, and the resulting explosion left two students

rely burned. school official said it was a “com- mon” physics experiment, but a retired college chem- istry professor quoted in the Los Angeles Times called it “strange.”

Frank Biondi Jr., fired as chief executive of Universal Studios, received a severance package worth $30 million, which is on top of the $15 million severance package he received in 1995 when he was fired as chief executive of Viacom.

Former ~ BankAmerica chief executive — David Coulter, 51, was dismissed by new owner NationsBank and began drawing a pen- sion of $5 million a year for the rest of his life.

Months before buying BankAmerica, NationsBank bought Barnett Banks of

Florida, whose chief execu- tive Charlie Rice received a severance package of $150 million.

A tam of doctors from the main Russian health inspection agency announced coming crack- downs on newspapers and publishers, not because of the stress of that country’s relentlessly bad news but because of the quality of paper (thin and porous could Icad readers to headaches) and ink (which gets on fingers and might contaminate food).

The agency said it planned to issue “certificates of hygiene” > publishers who comply with the law.

Red Deer, Alberta — Several teachers at Lindsay Thurber High School react- ed to a bomb threat note found in a classroom by sending students out to search lockers to try to find the bomb, with one teacher allegedly offering a prize to the one who brought it in.

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