Leaked documents from Edmonton Airports estimate it will cost $45 million dollars to break the leases with the tenants at YXD, this is based on the assumption that they can reach settlements with the tenants and greater damages aren't reached in court.
This is David Miller and the Island Airport Bridge cancellation which ultimately cost tax payers $35,000,000 all over again, even though the City of Toronto insisted it would cost nothing.
Mandel: Stuck On Stupid. They are steamrolling ahead without so much as a good clue what it will cost or even a preliminary plan for the site. This isn't even at the spooky clipart cut-out people rendering stage.
That isn't the cost to close the airport, that isn't the cost to decommission and remediate the site, $45 million is just the cost to hopefully settle the leases with the tenants out of court.
It could cost Edmonton $100,000,000 just to get to a vacant lot,
__________________
Public Administration 101: Keep your mouth shut until obligated otherwise and don't get in public debates with housewives.
Last edited by Policy Wonk; Aug 6, 2010 at 10:43 AM.
|