Samson sale price "reflective of risk": Galgay #nlpoli

Jonathan Galgay sent along an email to add some information to the post last week about the city's tax assessment for the property at 50 Beaumont Avenue, also known as I.J. Samson school.

He's adds some useful background about how the city arrived at a value:  the waited for the sale. 

Galgay also adds some other information that matches up - ironically enough - with the reasons the school-board offered up for the relatively low cost of the sale despite the fact it's a big piece of land in the centre of town.

"The sale price,"  Galgay wrote, "would have been reflective of the risk associated with the unknowns for the cost of environmental remediation , demolition of the building and uncertainty with regard to redevelopment potential related to the necessary rezoning of the property."

Exactly.  The property is worth what the market will pay for it.  And the property, as it is, comes with lots of risks, as Galgay noted.

Funny thing is that a couple of weeks ago, Galgay wrote to the provincial auditor general asking for an investigation into the process of tendering and sale of the land and building.  Galgay said he was "disgusted" by the sale.  Plus, as Galgay notes below,  the city can reassess the property as it is developed and increase the tax bill to reflect any future development. That's pretty much what folks in the real estate industry said two weeks ago.

Arse Foremost #nlpoli

Politicians help out with each other’s election campaigns all the time.

There’s nothing unusual for a municipal politician to work on a provincial or federal campaign or for a federal politician to help a provincial colleague.  Sometimes  the one politician will work as the campaign manager for another.

Usually,  the politicians don;t broadcast the fact. There are many reason s for this. Not the least of the reasons is that the campaign is about the person seeking election, not the staffer, regardless of the fact that the staffer might be well-known publicly in his or her own right.

That’s one reason  why it is so odd for Conservative Jonathan Galgay to be so vocal and public about the fact that Liberal candidate Paul Antle has taken Galgay on as his campaign manager.