In politics, what’s not said can be as important as what is stated. When Chris Friel announced he was again running mayor, The Expositor made no mention of post-secondary, his claim to fame. When Mayor Kevin Davis made his inaugural speech nothing was reported about post-secondary. This was going to be our pot of gold. Student numbers decrease. Costs mount. Are our leaders distancing themselves from this initiative? I hope so.
We replaced lost core assessment with rural lands. Our future hinges on this being fruitful. Factors work against it. Compensation was unprecedented. There will be a mix of residential and industrial. A councillor told me that we never profit from residential development. The further we go out from the city the greater the cost to serve such acreage. Industrial lands have barriers. U.S. protectionist policies are at work. The closing of the Oshawa GM has much to do with it. Border crossings are problematic. The U.S. has generous incentives and a lowered corporate tax structure. We have neither. Our wage scale is uncompetitive. Firms resist the rust belt. All GM plants to be mothballed are so defined.
Post-secondary and boundary adjustment schemes are economic long shots. If there’s a net gain for the city with the latter, it’s a generation away, if at all. In the interim, buckle up for hefty tax increases. Rick Wright Brantford