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Originally Posted by ScreamingViking
McMaster has grown a lot since I was there. If this new downtown residence brings *new* students and spending to the core the spinoff will be significant.
But overall we should all be very thankful to those civic leaders who wooed McMaster to relocate from Toronto nearly a century ago. And the impacts on the city's economy grow at an increasing rate... MIP poised for a major takeoff for example.
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MIP is huge. It will be bringing leading medical science to Hamilton and employing 5,000-10,000 people in the coming decade.
With the Bay St residence bringing 644 students living downtown, and 1,366 to just outside McMasters Westdale boundary, which will likely lead to the plazas across the street and along Main to be redeveloped, Hamilton is looking to gain a ton of benefit from McMaster.
If McMaster were just a company, I'd say, yes, they should pay for everything, but as it stands they support HSR immensely, and they bring tons of money and economic benefits to the city by way of imported talent, and permanent jobs, and a growing job sector to diversify the city's employment base.