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Originally Posted by UptownJeff
Couldn't agree more. As an Uptowner and Toronto transplant (15 years) I've never understood the negativity regarding development. IOL HQ is a prime example - it is a showcase and contrary to what some have said, the sky didn't fall when it was built. The new school in Market Sq is a dream come true IMO - the Saint John of 15 years ago is NOT the Saint John of today - thnakfully!
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Guys, this is NOT development. This is a low job creation, low-salary, private education business occupying what should be space that is better served for other things. I know what these foreign-owned private colleges are not great as I lived near one in Toronto. It had ZERO local economic impact. It bears repeating...ZERO IMPACT. Here is why:
1) The majority of the tuition fees go through the facility and out to the HQ abroad (this one is based in France I believe), at the expense of a few locally hired teachers who receive modest salaries. So this isn't going to be a Cooke, Irving, or even UNB-level driver of local economic growth.
2) The students who pay rent and attend don't throw money around like they are on some kind of vacation. Many of them are here on very fixed incomes from abroad and money is often very tight for them. So don't expect any miracles pay days in terms of cash-flow into local businesses. It just isn't the reality, especially if housing takes up most of their budget.
3) Many of these students will commute long distances to the school in order to find affordable rents while they are here locally. I remember a story on the news in Toronto about the school near me and how students couldn't afford to live nearby after paying their tuition fees - with many relying on food banks and commuting 1-2 hours on transit each day to classes due to affordability.
4) These students are not long-term residents and not likely to stay or settle here as the programs are very short (some are only 6 months) - meaning they don't invest long-term in the local community or contribute to long-term economic growth. Further, many don't qualify for part-time visas so they don't even get the opportunity to make money or work in the local community while here.
So let's cool it on the "this is great, everyone else is so negative". The reality is that this isn't a great addition and I can assure you that anyone who has lived near one of these schools would echo my points above from having the same experience.
Is it an addition to the community? Sure. But this isn't something that is "wonderful" by any means nor a beacon of hope for the waterfront. Maybe, just maybe...if we focused on bringing more jobs Uptown from the likes of the Cooke's Irving, IBM, and UNB (among other professional positions) then we wouldn't be struggling to fill places like Market Square and Brunswick Square with placeholders like this. They'd fill themselves up on their own due to growing prosperity from real full-time workers and local residents spending real money each and every day.