OK here's the deal, I am posting this for discussion purposes. Martin has laid out his opinion - that the operating costs are going to kill us and I know from talking to him he has a genuine fear of Cobourg's budget ballooning for any reason.Now here is my opinion about this. We should be snatching this money from the upper tiers as soon as it is offered - last week. But we should only build the facility if no money comes from the existing budget base. Now you ask how can we do that - simple we take Steve Robinson up on his statement that this can be done with little or no tax dollars and this is how:
#1 We use the "playmoney" that Council has been using to fund its pet projects like the hospital and the CT scanner. This money - dividends from HOLDCO and Northam Industrial Park amounts to about $1.75 million dollars per year. We use this to fund a debenture for $6.5 million and the other $2.5 million has to be raised by the users and public.
#2 If we cannot raise 10% of the project we don't deserve to have a facility.
#3 The operating costs have to mitigated by realistic user contracts. For instance why should the Lawn Bowling, Soccer Club , Hockey Leagues and potentially the Y not have to pay user and affiliation fees.
#4 The "playmoney" should be endowed to provide an income to offset operating costs.
So folks if you want to hash this out with Council I suggest that a delegation be formed to appear in front of Council on the 20th of July. If you wish to ask councillors just what is the plan for the funding and will the plan be released to the public before the public meeting, it should be done immediately, or else it will be like every other decision in this saga - read the agenda and vote on the same night.





