Why the convention centre sucks, part 3

Loss cause: The province and city together will lose at least $5.65 million annually

One of the most bizarre arguments in favour of the proposed convention centre is that it will increase tax revenues. “Generating perpetual tax revenue for the federal, provincial and municipal governments, a new convention centre will help fund valuable provincial infrastructure like roads, schools and hospitals,” says an online petition, echoing sentiments expressed by any number of politicians, business groups and others in support of the proposal: building the convention centre will increase future tax revenues, is the line.

I say this argument is bizarre because even a cursory look at the expected tax costs and tax revenues shows that the convention is a net tax loss for governments---it’s a huge money loser. None of the supporters have dared place costs and revenues side-by-side for simple comparison, perhaps because if they did, the truth would be glaringly obvious; instead they obfuscate, promising big future revenues for “roads, schools and hospitals,” even though in actuality building the convention centre will result in less money for roads, schools and hospitals, not more.

About The Author

Support The Coast

At a time when the city needs local coverage more than ever, we’re asking for your help to support independent journalism. We are committed as always to providing free access to readers, particularly as we confront the impact of COVID-19 in Halifax and beyond.

Read more about the work we do here, or consider making a donation. Thank you for your support!

Comments (15)

Add a comment

Add a Comment

Get more Halifax

Our Thursday email gets you caught up with The Coast. Sign up and go deep on Halifax.

Recent Comments