CCC BLOG

LIZ McARTHUR ON JOHNSON STREET BRIDGE DEMO: ‘Dean Fortin says borrowing money to finance construction is number one’

July 15, 2009 · 1 Comment

VICTORIA’S SOCIALIST MAYOR IS AN A BIG HURRY:

‘SAYS THEY HAVE TO BE IN THE WATER BY NOVEMBER’

 

Victoria’s Mayor says three things were on the agenda at the staff update on replacement of the Blue Bridge today [July 9].

Dean Fortin says borrowing money to finance the construction is number one.

“At this time we’ll go forward on a counter petition to borrow the full 60 million dollars, but of course, we would only use about 20 million of that because we’re looking forward to the other two-thirds funding coming from the province and federal infrastructure funding.”

The City has also retained an organization to prepare all the permits needed for the project.

Fortin says they have to be in the water by November, and the City is currently making sure they are ready to begin work as soon as they get word on funding.

 

['Borrowing Referendum' for Blue Bridge, Liz McArthur,

CFAX Radio News, July 9, 2009]

 

CCC

Categories: ACCOUNTABILITY · ARCHITECTURAL HISTORY: VICTORIA · CONSERVATION · Concerned Citizens' Coalition History · FISCAL PRUDENCE
Tagged: , , , ,

1 response so far ↓

  • goyodelarosa // July 15, 2009 at 4:06 pm | Reply

    The blithe disregard of this spend-thrift socialist Mayor never ceases to amaze me.

    The real amount in question is $63,000,000, not ‘the full $60,000,000′ as he is quoted as saying in this article.

    Similarly, the cost to the City, in the unlikely event that $42,000,000 is given to them by senior levels of government, would be $21,000,000, not ‘about 20 million,’ as Dean Fortin seems to suggest.

    This fuzziness with regard to the hard numbers should ring alarm bells in the citizenry concerned about ever-growing costs being subtly downplayed by rounding them down by $3,000,000.

    Every tax dollar is significant, and $3,000,000 is a huge amount. $63,000,000 is an even more startling figure.

    The City has obviously no intention of letting anything stop this phoney process. Hence, the ruse of the so-called ‘counter petition’ which is almost certainly designed to fail.

    Without the go-ahead from the citizenry through the counter petition to have a proper binding election-referendum (which could very well scuttle the whole thing), the Council will very likely try to push this through anyway, as they will by that time already have the $63,000,000 in hand.

    This is ‘Plan B.’

Leave a Comment