Quote:
Originally Posted by Policy Wonk
Leaked documents from Edmonton Airports estimate it will cost $45 million dollars to break the leases with the tenants at YXD, this is based on the assumption that they can reach settlements with the tenants and greater damages aren't reached in court.
This is David Miller and the Island Airport Bridge cancellation which ultimately cost tax payers $35,000,000 all over again, even though the City of Toronto insisted it would cost nothing.
Mandel: Stuck On Stupid. They are steamrolling ahead without so much as a good clue what it will cost or even a preliminary plan for the site. This isn't even at the spooky clipart cut-out people rendering stage.
That isn't the cost to close the airport, that isn't the cost to decommission and remediate the site, $45 million is just the cost to hopefully settle the leases with the tenants out of court.
It could cost Edmonton $100,000,000 just to get to a vacant lot,
|
So what I read, is the city should not spend 100 million dollars to get land back because its to expensive.
Isnt that the same argument that opponents used when the city wanted to build the 23rd ave interchange when the cost was 50 million, and what was the final bill? over 200 million?
That vacant lot is in the middle of the city!!!! How can you not recognize that opening that land to development will only benefit the city?? yes 100 mill is alot of money. But the city will get that money back and then some. Certainly finances need to be taken into consideration, however one would be a fool not to recognize the money making potential of this land for the city.