“In for a penny, in for a pound,” so the old British saying goes, and this appears to be the philosophy of some members of the seven person jury that is studying various proposals for redevelopment of the canal side of the Lansdowne site (From $5M idea to $88M design, Joanne Chianello, Ottawa citizen, June 4, 2010). Based on his reported comments, this is clearly the position of Councillor Peter Hume who also notes that borrowing for “the construction of this new facility is not out of the range of possibility.” I bet it’s not!
Fortunately, some other members of council seem to be aware of the implications of more borrowing. Councillor Diane Deans points out that borrowing money is hardly free “It is becoming clear that this is not revenue neutral, but a sink-hole for our citizens.” The OSEG planned design appears to be growing out of proportion in order to ensure that private developer’s financial interests are protected. Hope fully council will reject the plan when it is debated later this month.
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