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Originally Posted by someone123
It is funny to note how wrong the naysayers have been lately. They were wrong on the Nova Centre funding and wrong on this. Will they be wrong on the stadium as well?
I hope this will cause a shift away from some of the small town thinking that still plagues the city. People who think that Halifax can get by with small town infrastructure have their head in the sand. Really all they are proposing is a recipe for a miserable grid-locked city of 500,000 in a few years, not the pleasant small town they imagine. The people and traffic are coming and they need to be dealt with.
I agree that council needs to be looking at, say, LRT. They are dealing with issues an order of magnitude too small, like the question of whether or not to build one new bus terminal in Dartmouth that dragged on for ages. If that is how they continue Halifax's transportation system simply will not keep up.
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I have to agree completely. What I'm looking forward too is the 'snowball effect' this will create. Yes, the jobs for the shipyard will be good and there will be spin off jobs from this. But what I'm interested to see will be the other areas of the economy jumping on board due in part to confidence.
I've heard it over and over again that Canadian companies are doing well with cash on their balance sheets, so I wonder if this will cause some of those companies around HRM or Nova Scotia to loosen up the purse strings and investing, thus generating more jobs - thus the snowball effect.
I obviously got the jobs numbers wrong in terms of population projections, I was basing it on 25k not 15k. But still, using the typical formula of 1:3 (1 full time job creates 3 service sector spin off jobs) you are still looking at 45,000 additional service sector jobs.
Using the typical range of between 1 to 2.5 people per job population growth (1 = single person, 2.5 being a typical family and one child average) over the life of the contract HRM's population could grow 60,000 or by as much as 150,000 from this.
We'd be looking at around 553k at the top range of population estimates. That's factoring out the potential snow ball effect.