Development and Election Promises: One Man's Opinion
By 250 News
Are we now getting a bit more of a sniff into the downtown project being proposed by Yves Ghiai?
Ghiai now says he will need the City to build the underground parkade before he can go ahead with his part of the project.
OH !
Are we about to learn that the clearing, parking and the base for the structure will come from the city coffers via the down town parking fund? That cost, in addition to the break in taxes for several years, translates into a very good subsidy for the developer who just happens to make the pitch just before the last civic election and that pitch gave Colin Kinsley a jump start in the election.
On the other hand, if the City is about to contribute $4 million to the new gaming facility down town (again towards the parking) which they will own , just how much money are we prepared to spend in order to get new development in the down town core? The money for the parkade comes from the off street parking fund, but check around there is no line ups for the parking stalls in the core and a new look at the fund should have been addressed long ago given the fate of the down town.
Down town, by way of meters and taxes, has been building the fund and in both new cases, what is really in it for them?
When you throw the Cameron Street bridge into the mix, where we were told that it was a priority of Colin Kinsley's and you find that election promises were, just that.
The Metropolis Condominium development was from the beginning, a dream. We are now discovering that if the project does indeed go ahead, the taxpayers of the City (regardless of where the money is coming from at City Hall) will be required to dig a little deeper into their jeans than we had initially thought.
I’m Meisner and that is one man’s opinion.
Previous Story - Next Story
Return to Home
Colin can not be trusted with our tax dollars IMO.