News 1. Weather There was weather. 2. The new convention centre is already a financial disaster for the city I reported Friday afternoon: The city expected to have a $1.8 million deficit on its Halifax Convention Centre account this year, but that figure has nearly doubled — to $3.5 million. And a revised analysis of […]
The new convention centre is already a financial disaster for the city
The city expected to have a $1.8 million deficit on its Halifax Convention Centre account this year, but that figure has nearly doubled — to $3.5 million. And a revised analysis of the account shows that what had been a projected $5.89 million surplus after 10 years is now a $17.78 million deficit. That's a swing of $23.67 million. Worse still, even that forecast relies on rosy assumptions.
The city expected to have a $1.8 million deficit on its Halifax Convention Centre account this year, but that figure has nearly doubled — to $3.5 million. And a revised analysis of the account (above) shows that what had been a projected $5.89 million surplus after 10 years is now a $17.78 million deficit. That’s a […]