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GTA NHL Arena - Sports Center Planning Issues

GTA NHL Arena - Sports Center Planning Issues

Ratings: (0)|Views: 65 |Likes:
Published by Jim Jones
The Mayor and CAO of the City of Markham picked the NHL Arena as the most important investment priority for Markham to stimulate future economic development. There were many private meeting since January, 2011 with the GTA Sports consortium to make the NHL Arena to happen.When the consortium started looking for financial involvement from Markham an RFP should have been issued. Instead a financial schema wasdeveloped by the Mayor and senior staff where they proposed to tax the next 40,000 new home buyers through a“compulsory” voluntary contribution and use Section 37 of the municipal act asthe City’s financial toolsto raise $248,000,000 as Markham’s share of the debenture.Markham InternationalSports Training Academy (MISTA), along with getting a satellite university campus in Markham and pushing for the I-METRO-E/W (Intellligent-Markham East Toronto Opportunity-Electric) all day rail transit service are definitely higher priorities. “If the NHL GTA Sports Center was financed by the private sector, then I wouldn’t have any financial concerns”.
The Mayor and CAO of the City of Markham picked the NHL Arena as the most important investment priority for Markham to stimulate future economic development. There were many private meeting since January, 2011 with the GTA Sports consortium to make the NHL Arena to happen.When the consortium started looking for financial involvement from Markham an RFP should have been issued. Instead a financial schema wasdeveloped by the Mayor and senior staff where they proposed to tax the next 40,000 new home buyers through a“compulsory” voluntary contribution and use Section 37 of the municipal act asthe City’s financial toolsto raise $248,000,000 as Markham’s share of the debenture.Markham InternationalSports Training Academy (MISTA), along with getting a satellite university campus in Markham and pushing for the I-METRO-E/W (Intellligent-Markham East Toronto Opportunity-Electric) all day rail transit service are definitely higher priorities. “If the NHL GTA Sports Center was financed by the private sector, then I wouldn’t have any financial concerns”.

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Published by: Jim Jones on Oct 02, 2012
Copyright:Public Domain

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11/08/2012

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