CaptainBL
Active Member
Keith Gerein: Edmonton should dig deeper into a Municipal Development Corporation
The City of Edmonton could research a business case for an arm's-length land development corporation, but council appears unwilling
edmontonjournal.com
The article in summary: the city at the very least should consider spinning off lands like Blatchford and Rossdale and Exhibition into a municipal development company.
Sadly yet unsurprising Sohi, who doesn’t have the slightest business acumen bone in his body, commented that Blatchford is basically working well and there is little interest for considering a municipal development corporation...yet the city years ago did something similar with EPCOR (the city got out of the utility business and let a private corp handle it), EdTel (the city got out of the telecom business and let a private corp handle it), and the U of A realizing it is not a developer at its core has set up its development trust.
Why is the city of Edmonton always the smartest people in the room?