At a ward thirteen candidates debate on Tuesday night, Coun. Sandy White dropped this bombshell:
It seems that the rate of return on snake oil is still higher than that on prudence; self-aggrandizing and gleaming temples to municipal mortgage are still calculated to impress the simple folk at election time. While it's difficult to argue that London's economy or culture suffers from the lack of a totemic performing arts centre in the Kremlin Square, it's easy to see that the city's economy at least has certainly suffered directly from the hundreds of million of dollars siphoned away from basic infrastructure maintenance and taxpayers' accounts and into a $371.1 million municipal debt hangover from the recent central planning theme parks, slotted into the forms of the city's economic development textbook. As much as politicians have touted the localized economic benefits of a handful of new restaurants and boutiques as proof of success of the city's new arena, convention centre, market building and central library, the overall costs of higher taxes and reduced private investment elsewhere have far outweighed them, and will continue to do so, apparently.
White said there's a "secret" plan in the works to build a performing arts centre that will become public in the next few weeks.
Thursday, October 19, 2006
Posted by MapMaster on Thursday, October 19, 2006