Boundary Road Update
By 250 News
Tuesday, March 16, 2010 03:49 AM
Prince George, B.C.- With the funding in place for the construction of Boundary Road, an environmental assessment has been issued which calls for stringent actions to protect trees, plants and wildlife in the construction area.
The assessment calls for an independent environmental monitor to be retained.
The costs for the environmental mitigation will be contained within the tender. City Manager Derek Bates says some of these kinds of activities had been expected and have been provided for but its unclear if the full list of activities required will drive the projected cost of the project over the anticipated budgeted amount.
The timeline for the construction of the road which will link Highway 16 east with Highway 97 has been presented to Prince George City Council:
Signed Contribution Agreement March 16, 2010
Public Tender May 1, 2010
Receipt of Tenders May 22, 2010
Award of Construction June 7, 2010
Construction Completion October 31, 2011
In total the Provincial and Federal Governments are contributing $15 million towards this $28 million project. Private developers are contributing $6.5 million with the balance funded by the City of Prince George (primarily through Development Cost Charge reserves).
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http://www2.news.gov.bc.ca/news_releases_2009-2013/2009TRAN0025-000484.htm
The 1930's depression was caused because of too much debt in the economy. Our present financial crisis was also caused by too much debt in the economy. You cannot solve a problem which was caused by too much debt by going further into debt. All this "stimulating the economy" stuff does is push off the "day of reckoning" for "all of the borrowing and spending we have done" into the future. Piling on more debt is just going to make the enevitable economic crash that is coming worse when it does come. It's time to face the music folks. We have not been smart with money.
Congressman Clifford Stearns said the following in the United States House of Representatives on April 28, 2009:
Many economists look to the past to predict economic futures; it is a tested way to learn from past mistakes and avoid making them in the future. Looking to the past, we discover that Henry Morganthau, FDR's Treasury Secretary, gave this very important quote in May of 1939 during the Great Depression. He said, ``We have tried spending money. We are spending more than we have ever spent before and it does not work. I have just one interest, and now if I am wrong, somebody else can have my job.
I want to see this country prosper. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say, after 8 years of this administration, we have just as much unemployment as when we started, and enormous debt to boot.''
http://www.c-spanarchives.org/congress/?q=node/77531&id=8958063