@innsertnamehere Debunking the “Business Case” for relocating the Ontario Science Centre
This week, Doug Ford’s government struck a deal with the City of Toronto giving the province fuller control over the future of Ontario Place, in exchange for the province taking on responsibility for the DVP and Gardiner Expressway, as well as additional funding for transit and addressing...
www.canadianarchitect.com
"The 78-page document, accompanied by a 333-page appendix, argues that the Ontario Science Centre will require $369 million in deferred and critical maintenance over the next 20 years, and an additional $109 million to upgrade its exhibitions and public spaces, for a total cost of $478 million. In comparison, it says that the cost to build a new science centre at Ontario Place would be $322 million, plus $64 million for its exhibitions, for a total of $384 million—$94 million less."
"It also argues that cost savings would be achieved through lower ongoing maintenance costs for the new building, and would be strongly offset through the larger attendance and new sponsorship opportunities that a new downtown facility might command. Overall, according to the report, the provincial government would save $596 million in nominal costs ($257 million net present value) over a 50-year period by relocating the science centre."
It also excludes the cost of parking or foundation for the new location. It claims the new smaller location will be smaller and also have more visitors. "The estimates count on laying off 53 people, or one out of every six people who currently work at the Science Centre. In short, they are expecting that 50% more people will visit a facility that is 45% of the size of the current Science Centre, with a significantly reduced staff managing it all."
They also didn't account for the Line 5 and Line 3 boosting attendance at the OSC.