Quote:
Originally Posted by queetz@home
However, unlike shoddily built overpriced condos, an office tower offers tangible benefits to the city and community. And as people pointed out, the revenue comes from the casino anyway so there is absolutely little risks for the New West property taxpayer. But even if it is, the bottom line is this office tower, like all decently built office tower, will get filled, make money, and give its owners lots and lots of revenue.
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A bad gamble is a bad gamble, regardless of where the money is coming from.
The same funds could go to other, more viable, projects to improve civic life in New Westminster.
Just because the project is not being financed by debt does not mean that it is "little risk".