Comment 67041

By H+H (registered) - website | Posted July 28, 2011 at 11:57:17

randomguy

I agree. This deal is not a good one on so many levels.

  1. Destruction of heritage.
  2. Poor environmental leadership/stewardship.
  3. Fiscal - the City has to sign a 20 year lease at well above current market rate in Hamilton.
  4. No new taxes from the developer.
  5. Small increase, if any, in new jobs. I'm not sure if these doctors and healthcare professionals already have jobs in Hamilton. How many are net new job?
  6. Vacating private sector space that does, and will continue to, pay taxes. (Right House)
  7. Vacating private sector space that will be hard to rent. (Right House)
  8. There is no deadline, and therefore no guarantee, that Mac will build on the north parking lot. Presumably, however, they will continue to use the north parking lot for themselves and/or for income?
  9. McMaster wants $20 million from taxpayers to go ahead with the project over and above the rent they will charge us.

And the list does go on.

Permalink | Context

Events Calendar

There are no upcoming events right now.
Why not post one?

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds