Moncton councillor pegs cost of proposed centre at $165M
A Moncton city councillor is questioning the city's estimates for the future downtown centre and is raising concerns the lofty price tag isn’t worth the investment.
Moncton is pushing forward with a plan to build a downtown sports and entertainment complex on the site of the old Highfield Square Mall.
The city has estimated the facility will cost $100 million, but Coun. Daniel Bourgeois said he’s concerned the final cost will be much higher.
Coun. Daniel Bourgeois said he believes the cost of the downtown centre will be $165 million. (CBC)
“The downtown multiplex will cost citizens of Moncton $165 million. I repeat $165 million,” he said on Monday night.
Bourgeois said the city hasn't factored in what he calls the inevitable cost overruns or the cost of financing the project over 30 years.
Each Moncton taxpayer will have to pay an extra $100 in property taxes for 30 years to pay for this facility, according to the councillor.
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