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By Bligh Times (anonymous) | Posted October 17, 2011 at 09:23:22 in reply to Comment 70602
"3) Identify funding sources and complete implementation plan for Randle Reef"
We're about two weeks away from the fourth anniversary of municipal funding being the lone stumbling block to getting this project started.
And the ROI on what is now a $35-40m investment?
"...a York University study... says polishing the city's image by cleaning up the harbour is worth at least $1 billion.
York's computer model predicts the Randle Reef project will generate a direct economic gain of $126 million for the port, industry and tourism, but the big payoff -- more than $900 million -- will come when that work leads to the International Joint Commission taking the harbour off its list of Great Lakes pollution hot spots, helping to change the picture of Hamilton as a dirty, polluted place."
http://www.thespec.com/news/local/article/192950--hamilton-closer-to-cleaning-up-its-image
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