Not Understood At All

Anonymous has left a new comment on your post "Rental Revenue Is A Mirage": 16 February, 2012 11:55 AM said:
"2:28 PM
You say it is not a " bad deal." Surely you are not suggesting that it is a good one. It is abysmal and you know it."
What exactly would make you happy about this deal? Are you like Evelyn and suggest that we hang on to this asset forever waiting to sell it? How long was it available and NO ONE bought it?

We had a building that was costing us money daily for up keep and utilities. It was not suitable for the type job that we may have to build for now.

We are now receiving revenue from a previously non-revenue location.

So, not a bad deal. If we could have sold it, it would be a good deal. Based on those factors, I don't think that was anything better coming.

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No decision was made by either Council to sell the building.

The Town  had  a  purpose for the building  and was putting it to good use as a Parks building.

Also  town archives were being stored in the building.

The town  has a consultant study proposing  capital costs of $17million to provide a joint facility for works and parks.

Parks could have moved  to the Hydro Building with its  offices, yard, workshop and bays for vehicle  accommodation maybe even the recreation department could have moved out of the town hall
into the office space. 

Works could have taken over the parks building and yard  with  no need for  millions of dollars  of capital expenditure to be contemplated.

The other option would have been to declare the property surplus to our needs and sell it to realize assessment revenue and  restore the twenty nine jobs that were lost when hydro moved out.

If  revenue from rent is  swallowed up  in spending on the building to suit the needs of the Department of National Defence,
how does that  show up as income to the town.? It is not.

How  many times do these facts need to be repeated before they are understood?

I guess I know the answer to that.

The gremlin who keeps repeating the fallacy doesn't want he facts to be understood for what they are.

A building the town needed, no matter how  it turned, was turned over to a group with a vested interest with another one of those contracts like the Church Street School.

The only aspect of the arrangements  that doesn't smell to high heaven is that it didn't turn out the way they hoped  it would.

If we have not yet dealt with the contracts, at least we have dealt with the signatories.