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Knee-deep in financing
June 2, 2011 - Jessica Collier
Whoa! I forgot to blog at all yesterday! I guess I was allowed to take the day off from it — it was my birthday.
I'm here today, though, and will try to post a few times. This subject matter is tough, though, to take my attention away from so I can write.
We're at the start of the final groups of hearing dates, and this two-weeks of sessions is supposed to be dealing with Issues 5 and 6: ISSUE NO. 5 What are the fiscal impacts of the project to the governmental units should any phase or section ofthe project not be completed as proposed; what is the public vulnerability should the project either fail or not proceed at its projected pace relating to on- and off-site infrastructure for which cost-sharing has been proposed between the developer and local governments drinking water plant improvements, road maintenance) or on-site private infrastructure that may be subject to eventual operations by the Town; what is the ability to provide municipal and emergency services to any section in light of the road design or elevation? AND ISSUE NO. 6 Section 805(4) requires the consideration of the burden on and benefits to the public. What are the positive and negative impacts of the project (including iiscal impacts) to the municipalities' electric system's ability to meet future demand? To what extent will energy conservation mitigate demand impacts? What are the assumptions and guarantees that the Big Tupper ski area can be renovated and retained as a community resource; what are the current and expected market conditions relating to available housing for the project's workforce; what are the impacts of the proposed project on the local housing market'?
While obviously the environmental groups have big concerns about environmental issues associated with the project. But I think the majority of the locals who have any concerns about the project are thinking more about the economic issues involved with it.
So really, this is the important stuff.
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