Comment 73500

By Capitalist (anonymous) | Posted January 30, 2012 at 14:22:19

I would hate to see the school board building be demolished.

So let me get this straight:
- McMaster University is subsidized heavily by our tax dollars
- The city (which is funded by taxpayers) is subsidizing McMaster's project (which is subsidized by tax dollars) to the tune of $20m and above market rents.
- So one taxpayer funded entity is subsidizing another taxpayer funded entity for their pet project.

And people wonder why taxes in Hamilton are so high???

The really sad thing about this is that there is no evidence that this project will add to the commercial/industrial assessment this city needs.

We contributed $5million towards MIP and I am still waiting for a return on investment to the city's taxpayers for that one. Perhaps someone could tell me if there is any business at MIP that is actually paying commer/industrial taxes to this city?

Is Hamilton so deperate to have Mac presence dt that we would made these ridiculous financial decisions?

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