Quote:
Originally Posted by Leroy321
I think I remember someone saying they were waiting for the RCMP headquarters to finish so they could get the federal funding they need.
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The city can handle only one major project at a time. They wanted to finish the RCMP building first, before tackling the new city market.
The extraneous compounding variable is that they want federal and provincial funding to help with the flex convention space, and the creation of the new street behind Assumption Place. Unfortunately there is not a federal infrastructure funding program at present that the city can apply to get funding from. And, as we all know, Suzy's government is now virtually bankrupt, and provincial funds have dried up as well.
It's a house of cards. If the government component of this project stalls, then Ashford will think twice about starting his part of the development project. This is quite understandable. We are talking about an entire city block with at least one (and probably two) towers, and a valuation probably about $150-200M (at least). You really have to have all your ducks in a row before proceeding on an investment like this.
If the city
really wants this all to happen (and if a rock solid guarantee is made by Ashford), then they may just have to step forward and proceed with the city market and convemtion centre without federal or provincial involvement.
Given the scope of this development, it may be well worth it...........