Ward 5 candidate Mike Parent wonders why, when it comes to arenas and casinos, North Bay managed to do what Sudbury could not
In Northeastern Ontario, there are two neighboring cities located less than 120 km apart. Both cities wanted new arenas for their OHL teams, casinos for those that enjoy the experience and community centres with twin ice pads.
Finally, this city’s leadership fostered healthy relationships with the federal and provincial governments, receiving funding of $25 million for its community centre with twin pads, leaving approximately $26 million for the city to cover. This city had secured low-interest loans to cover the $90 million for the arena and the $9 million to bring services to the build location . Recent estimates by competent parties suggested that the cost had likely ballooned to more than $150 million and none of the pre-qualified construction firms would commit to a price given the numerous risks.
The construction of the casino, and the hotel are not likely to proceed as the mayor has changed his position and will no longer support the project given the cost and impact to property taxes.
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