Posted Mar 4, 2009, 9:43 AM
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Headquarter: Montreal
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Join Date: Dec 2005
Location: Montreal
Posts: 1,414
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Maybe on the very long term it is a good( 20,30 years ?) but within the next 10-15 years, this is very bad news.
Considering all the suppliers and the reliying factories, this could be very well somewhere around 5,000 well paid jobs lost in a city of 690k.
The tax base for the city is going to shrink rapidly. these industries are by far the largest taxpayers.
Just look at cities in Belgium who lost their steel mills, 20 years later they're still wondering...
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