Nobody ever talks about this section of every feasibility study. There was one for the event centre study as well. the disclaimer. The section for covering the consultant firm’s legal and financial ass.
BrookMcIlroy does not warrant that actual results achieved during the projection period will be the same, in whole or in part, as those shown in the
projection. The projection is an estimation based on hypotheses and there is a significant risk that actual results will vary, perhaps materially, from the results projected.
What it says is that there is a significant risk that the sunshine, lollipops and rainbow world that Brook MacIlroy envisions for the Thunder Bay Art Gallery waterfront location may not materialize.
Does the significant risk that actual results may vary include dealing with the significant soil contamination that can be found in the area of the preferred site? Hate to get that wrong.
I wonder what the odds of any of the projected economic impacts made in the report materializing. Coming true?
What constitutes success? What is the benchmark that the TBAG will use to measure success or failure? How much of an increase in visitation and income does the gallery have to achieve to justify the $25 million price tag of the project?
I would take the all the data, calculations, predictions and stats in the report a lot more seriously if Brook McIlroy had some skin in the game. Money on the line….but they don’t. The taxpayer does. $25 million to be exact.
A number of economic opportunities exist in relocating the Art Gallery to the waterfront that will not be realized without this relocation. – Page 45, THUNDER BAY ART GALLERY RENEWAL Waterfront Site Feasibility & Economic Impact Assessment
Or not…The economic opportunities might not be realized anyway. No guarantees, remember.
Sing it Doris Day…
Que Sera, Sera,
Whatever will be, will be
The future’s not ours, to see
Que Sera, Sera
That will be, will be $75,000 please