Council's rejection tonight of Board of Control's recommendation to spend $70,000 on a performing arts centre feasibility study is small act of prudence in the annals of a city with a $900 million budget and a $300 million debt, but local taxpayers must find solace in small victories. At worst, the defeat will only defer the matter some years to a time when building a monument to the city's political egos will cost much more than the current estimate of $55 million plus land and operating costs. But at best, that will be enough time to defeat those politicians who conspire to remake London in their own image at everyone else's expense. It ought to be even enough time to accept that the private sector's lack of interest in building a facility is irrefutable evidence of a lack of popular feasibility, but then the idea of politicians commissioning a study in the first place is acceptable proof that feasibility is a different concept among them than most of us would hold. Of course the project has always been "feasible" in the political senses that someone else would be paying for it and that taxes can always be raised again.