Posted Jun 27, 2023, 7:43 PM
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Moderator
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Join Date: Nov 2005
Location: Toroncouver
Posts: 13,044
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Why should the province be owning these assets at the completion? They are secured rental and below market rental. The province gets all the benefit without the headache and ongoing capital cost of maintenance.
And what asset does the Province have at the end of the project? Its original capital loan with a small amount of interest, which can now be deployed to enable more secure rentals, not tied up in the ownership of the past built rental.
it's an objectively better system.
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