Comment 82546

By observer (anonymous) | Posted November 02, 2012 at 15:39:30

mrjanitor at November 02, 2012 at 10:30:55 helpfully quotes this from Bob Bratina via CATCH: Bratina opens up honestly about the AEDG on Catch:
“We all know in our heart of hearts that’s going to be sprawl residential development,” he said. “It’s not going to be 52,000 jobs; it’s going to be a bunch of houses around the airport.”
Except that this was the media desert of Hamilton, it was astounding that seven years ago Hamilton media and likely some on council took the imaginary, fanciful "52,000" aerotrop "jobs" as a given, unexamined. No one does simple arithmetic about what fixed investment input is req'd per job: it varies from $ several hundred thousand for something like Toyota Woodstock, and down for lower-paid lower investment jobs from there. BUT STILL that idiotic number implied billions & billions of investment. (let's see, who was mayor in 2005?)

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