08-17-2015, 10:51 AM
(08-13-2015, 10:05 PM)tomh009 Wrote:(08-13-2015, 08:24 PM)numberguy Wrote: Check Kitchener or the Region's capital plans. There isn't any money there. And the province is in massive debt and facing total (public/Catholic/elementary/high school) strike in September.
Technically the Ontario debt is less than 50% of GDP, which I would consider manageable, especially as we can expect continued GDP growth in the future (given future population growth). It's the current deficit that's a bigger problem.
But an elementary school strike should save the government some money.
Anyway, to get back on topic, I expect Kitchener is looking for a private-sector partner to build this anyway, I'm sure this will not be a government-funded complex.
I always assumed that in the past.
Would this happen, where a developer would be given the land for next to nothing in exchange for building the transit hub, but then being able to own the residential/commercial?