$500K spent on Markham arena consultants

$500K spent on Markham arena consultants More than $500,000 has been spent on consultants associated with the proposed NHL-ready arena, the Economist BILD). The cost was released to members of council this week after Regional Councillor Joe Li asked during last Thursday's special council meeting how much taxpayers' money has been spent on the proposed arena project. Li confirmed he received a figure, but said yesterday he could not disclose it because it was marked confidential by town CAO Andy Taylor. "I'm disputing why it's confidential," Mr. "Of course the cost is shocking, but the public has the right to know. Jones said of town council's endorsement of the public-private business deal. "I really can't agree with what they're doing," Mr. "If a franchise fails to come, the annual operating costs of the centre could be a burden to taxpayers," Mr. He calculated about 80 per cent of the "voluntary contributions" can come from condominium units (Uptown Markham is estimated to have about 4,500 condo units when the entire project is built). "That's grossly excessive," Mr. He said the levy can make it more difficult for Times to achieve intensification, affordable housing and Leadership in Energy and Environmental Design (LEED) development in Markham Centre. "This must be avoided at all costs," Mr. "It's 'voluntary' in quotation marks," Mr. "If you don't contribute, next time, you won't get a free lunch with the mayor. Executives from Times Group, which is constructing the $2-billion Uptown Markham development at Hwy. Mr. 7. He said he only signed the confidentiality agreement because he was under the assumption the town wouldn't be part of the deal. "That was back then," Mr. In his letter to town clerk, Bill O'Donnell said they have "huge" concerns with the proposed process for the repayment of the debt associated with the centre. Mr. He said with Liberty's World On Yonge already pre-sold with permitted construction activity in progress, they can't at this time accept any proposal that would entail additional price increases to purchasers on closing. As reported by the Economist ns, because "the whole proposal hinges very much on the NHL". $500K spent on Markham arena consultants Trade News selected by Local Linkup on 04/05/2012