-- TORONTO -- The stench of this deal hits one’s nostrils from miles away because every part of the purchase of the circa 1899 Harris House heritage home at 450 Pape Ave. to create subsidized rental work and living spaces for artists stinks to high heaven.**********
Despite staff originally not recommending it, and saying there was no money for it, council in a suspect-move decided to go ahead and borrow from another department’s budget about $2.2-million — $1.9-million of which is to purchase the Salvation Army property, once known as Bethany Home for pregnant teenagers, at the corner of Pape and Riverdale and an additional $275,000 for closing costs.
They are making it up as they go — at your expense.
It looks like a sweet deal for so-called artists who don’t seem to want to survive on the market economy like the rest of us have to. Others who want to live in this neighbourhood have to come up with $600,000.
RELATED: No real surprise, I guess...
...it's just how the socialists roll...
-- (Reuters) -- The Muslim center planned near the site of the World Trade Center attack could qualify for tax-free financing, a spokesman for City Comptroller John Liu said on Friday, and Liu is willing to consider approving the public subsidy.