Costs
In 2008, Mayor Gérald Tremblay stated that the project would come in as budgeted at $120-million, and spur development in the immediate neighbourhood, with a projected $1.9 billion in private investment.
In June 2012, it was reported by the Montreal Gazette that the cost of the district's public spaces alone would be $147 million, with $67 million from the city of Montreal and $40 million each from provincial and federal governments. In 2011, Montreal’s auditor-general criticized the city for hand-picking one non-profit corporation, Angus Development, to build the 2-22 building and redevelop the Saint-Laurent Blvd., and for failing to open the process up to tender, losing money by selling city land at below market value. Inadequate underbeds, damage and wrong choice of joint sealers in 2011 also led to hundreds of thousands of dollars in repaving costs.
Read more about this topic: Quartier Des Spectacles
Famous quotes containing the word costs:
“To exercise power costs effort and demands courage. That is why so many fail to assert rights to which they are perfectly entitled—because a right is a kind of power but they are too lazy or too cowardly to exercise it. The virtues which cloak these faults are called patience and forbearance.”
—Friedrich Nietzsche (1844–1900)
“Like cellulite creams or hair-loss tonics, capital punishment is one of those panaceas that isn’t. Only it costs a whole lot more.”
—Anna Quindlen (b. 1952)
“It costs more to maintain ten vices than one virtue.”
—H.L. (Henry Lewis)