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Rachel Brighton gets the convention centre entirely wrong

Rachel Brighton, publisher of Coastlands: The Maritimes Policy Review and columnist in the Chronicle-Herald, is a knowledgable and insightful commentator on Nova Scotia’s often-foolish attempts at economic development. So it’s with great disappointment to read her commentary in todays Chronicle-Herald, “Halifax convention centre looks like a good bet.” But, now that it looks like the […]

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Does Trade Centre’s involvement kill convention centre proposal?

Trade Centre Limited president Scott Ferguson was fully aware of the city of Halifax’s back-door loan policy to Power Promotions, says Suzanne Fougere, Ferguson’s spokesperson. But TCL had no reason to suspect the loans were improper, says Fougere. “We were given direction by HRM to release the funds from the Metro Centre account. In the […]

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The Halifax convention centre is dead in the water

Last week, CBC blogger and Twitterer extraordinaire Kady O’Malley chronicled an astonishing PR push by the federal conservatives, an unapologetic celebration of a spoils system of government. The Conservatives rolled out 70-80 Economic Action Plan celebrations, each in a Conservative riding. They ranged from an underpass in Horseshoe Bay, British Columbia to new locker rooms […]

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City, province reach agreement on convention centre financing

[image-1] The city and province have signed a deal for financing for the proposed convention centre, Infrastructure minister Bill Estabrooks and mayor Peter Kelly announced today. The short of the agreement: the city completely backed down on two negotiating points, and nearly completely backed down on a third. As a result, the city faces potentially unlimited risk for funding continued convention centre operations, faces a potential $12 million to purchase the existing convention centre and has agreed to a confusing property tax formula that reduces city revenues from standard property tax assessments on commercial properties. The new deal is still

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Trade Centre Limited losses skyrocket by half a million dollars, partly due to failed Halifax Common concerts

Trade Centre Limited, the provincial crown corporation that runs the convention centre, had an operating loss of $622,558 lat year, almost three times its budgeted loss and nearly six times the previous year’s loss of $109,969. Once depreciation is factored in, last year’s operating loss was $2.1 million, compared to a budgeted loss of $1.9 […]

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