Comment 51103

By Undustrial (registered) - website | Posted November 03, 2010 at 15:30:00

We're up to seventy million short for the extra costs of the CP site, but nobody has yet demonstrated that the original $100 was something we should we could (or should) afford.

If 60-80% of new jobs are coming from small start-ups, why are we investing in a stadium, rather than viable options for STARTING FIRMS? As we've discussed lately, starting even tiny businesses in this city entails tens or hundreds of thousands in pointless zoning/licencing/permit costs and at city hall. As someone in the 21-35 age group, the idea of trying to raise that kind of capital for a project is a non-starter. Even if the building, labour and equipment was free, it just isn't doable for 99% of us.

Ever since Richard Florida got big this kind of magical thinking has been endemic. Economic theory no longer requires facts, evidence or numbers - they're passe. Just talk about hipsters and everyone takes you seriously. Any project can be justified if you invoke the inexplicable powers of trendy young people.

Comment edited by Undustrial on 2010-11-03 14:31:30

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