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By goin'downtown (registered) | Posted August 10, 2010 at 14:02:47
Hey, Laser - a private business requesting an entire city to change the direction of their future developments, from end to end, to me is irrational. I suppose anyone might make a stab, but it's a ridiculous scenario. Even ArcelorMittal Dofasco and McMaster don't make that demand, and they employ thousands of people. So if we went ahead with EM, Young may (or may not) make money on the Ticats, but the City of Hamilton (that's all of us) loses all around - loses millions of dollars in future tax dollars (20-50 years of taxes) because the EM would be City-owned, in investment lost from the WH (which is poised now but will walk away with no anchor projects), and in all the economic spin-off from revitalizing the downtown (no, not overnight). A healthy downtown = a health City, whether you live or visit the downtown or not. That's just the finances; that's not even including the environmenal implications and stormwater problems (ever been on the RHV Parkway during a downpour?). Yikes. Taxes would go up and up and up, and there would be major financial opportunities lost. And then our services would take a dive - roads wouldn't get fixed, parks wouldn't get properly maintained, I don't even know the impact on social services, libraries, et al - the implications are HUGE.
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