Wednesday, April 16, 2008

Gambling with your future

Detroit-Windsor tunnel deal under threat

I'd sooner see the City take $75 million, walk to Casino Windsor and plunk it down on a spin of the roulette wheel. That at least would save us the endless years of legal fees, studies, audits, inquiries and other related costs that are sure to follow. From my understanding of things, this will now remove an asset with declining revenues from the City books.

A cynic might observe that this destroys the City's much vaunted "Pay as you go" program, but cynics have to be careful these days. As a new "arms-length" corporation, designed were told, to protect us from litigation, the new Tunnel Corporation is not subject to "Pay as you go" anymore.

Houdini would be proud.

Prediction: in the long run, this will make the Canderel fiasco seem like chump change.