Quote:
Originally Posted by StealthGirl
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It's an absolutely ridiculous idea - unless the province is planning to establish an ongoing funding commitment to compensate the City for the burden they're assuming (and hope that the City forgets the Province reneged on the Crown taxes-in-lieu after memories faded).
I guess if the prov were interested in winding-down the GTH as an entity, and transferring the land to the City (at no cost), that's an option worth exploring... but virtually anything else - why? There's already been enough offloading/downloading from the Prov to the City... why would the City volunteer to take on additional expensive provincial albatross like the GTH (
much less pay the Province for the privilege of taking it on)? Why? It's a money-loser, it stands no chance of being anything more than an industrial park. Chasing major tenants is a shell game that we're bound to lose.
Glad to see the Mayor's initial comments weren't exactly enthusiastic, but I would've taken the opportunity to present the City's opening volley - the City will only contemplate taking a limited role, and only in a manner that guarantees a return. Basically, a fee-for-service (with a profit included) for assuming the management (not ownership) of the land on behalf of the Province.