Comment 16457

By Ted Mitchell (registered) | Posted December 31, 2007 at 05:23:39

Responding to Mark on Mirabel:

Munro makes money now because it has grown slowly in response to demand. According to the market, it is the "right size" for Hamilton today.

If massively expanded rapidly it will lose money just like Mirabel because that is generally what happens to forced megaprojects that ignore basic economics.

The term is white elephant.

You don't even need to invoke peak oil to predict the outcome of the aerotropolis.

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