Quote:
Originally Posted by 1ajs
true north is at 20 years in wpg they have built up a manopoly we need to think hard if they buy this mall from the city their none compete for the bombers needs to be droped
|
For clarity the non-compete you reference between True North and the Bombers isn't directly with the Bombers but rather the three levels of Government. The deal in question prevents the government from providing funding to any facility with a roof on it that would compete with Canada Life Centre for hosting non-sports events. This means the purposed facility for the Ice would also likely be covered by this non-compete clause and unable to secure any funding from any level of government without specific approval by True North.
The due diligence on the reported sale of Portage Place to True North is essentially a conditional sale. Once approved True North would have access to any confidential information on the property and they would have some reassurance that if they spent money having plans for a renovation similar to what Starlight had done they are, at the time, the sole party that could proceed with a purchase.
It is also far more likely that True North would walk away from a Portage Place deal than give up their existing non-compete clause. They really have nothing to gain by owning Portage Place v letting it turn into an even bigger challenge.
Quote:
Originally Posted by EdwardTH
Imagine paying $320 million for police who can't bother to do the bare minimum maintaining order and enforcing laws 3 blocks away from their new $210 million headquarters.
|
That the WPS union is repeatedly pushing for a secure parking area for members near the hq downtown is way beyond tone deaf in my eyes. The very core purpose of a police force is to maintain public safety for
all the citizens. If WPS members are finding the area around their hq to have a significant public safety issue they really should be looking inward on how they can address that issue so the area becomes safe for all citizens, not just those privileged enough to have access to a special secured zone.