Re: expo
They also announced that they would increase spending in infrastructure to offset any job losses. Wouldnt this be it?
I think a lot of people over estimate how much of the money towards Expo would actually go towards infrastructure. Yes there would be some money needed towards roads, transit, sewers, water, etc. But the majority would have been spent on marketing, pavillions, security, wages for employees working at Expo, management, defecit coverage, and all the other services needed to make Expo happen.
Even as a job creation tool Expo hardly seems like the greatest tool too use. Not only will it run a defecit but the one year jobs created are not going to be high paying, and once it is over, there is little employment spinoff that will be created. However, build a subway line or upgrade a GO line to dedicated, reliable passenger service and not only do you have the same high paying construction jobs that Expo will create, but you also create new, and valueable, well serviced lands that are perfect for high density residential or commercial development which create economic spinoffs from more construction, more local businesses, new tax base, new companies, etc.
I actually think that the provincial government was wise to pass on this. Why invest in something that is going to lose money from the start when there are any number of other wiser investments available too them.
