Today,when asked if council could still vote on Tender 15, even though the work is not covered in February’s Waterfront budget update. (Report No. 2010.024) Mr. J. Hannam, City Clerk initially said that City Council can vote on it. They are a sitting council and that that work is definitely in the waterfront budget. However, after further review of the report, Tender 15 has been pulled from Monday’s Council meeting. Yes. Its that obvious. You just have to read the report.
An interesting item has shown up on Monday’s City Council agenda. PUBLIC PRIVATE PARTNERSHIP. Joe Bova, principal owner of Man-Shield Construction, Secretary-Treasurer of 1778691 Ontario Inc, and President of Laureate Developments and Gisele MacDonald, President of 1778691 Ontario Inc, President of Re Solve Group and President of Chartier Property Management will both be in attendance.
Their names are all over the agreement between the City of Thunder Bay and the development consortium. They did the signing for the developer.
I suspect this presentation will involve the waterfront hotel. Since the developers are now faced with constructing the hotel out of their own pockets, they are looking for any Public Suckers, I mean partners to invest in building and running a hotel. What worries me is that this council may actually consider this trap of an offer.
You can bet that if the developers thought of it, they are going to come out of this deal much richer and us taxpayers will be stuck with increased debt and higher taxes. Of course, we can trade our cow (Renew Thunder Bay Fund) for a handful of beans (PPP). I doubt there will be a hen that lays golden eggs at the end of this scary, fairy tale.
They want our money! That is all they want. Once they have it, they will be laughing all the way back to Winnipeg……at us.