Tuesday, August 21, 2007

Selling Your Farm


The Federal government is selling some of its expensive properties. Vancouver's Sinclair Centre has been sold to Larco Investments, for example.


On the face of it, no harm, no foul.


Why should governments own properties?


The only problem is that, in this case at least, the Public Service Alliance called for an appraisal of all the buildings involved in this recent sale. Result? An appraisal of $2.3 Billion.


But the 8 properties in question were sold for $1.64 Billion, which has resulted, according to PSAC, in a gift of $630 Million payed by taxpayers.


This story is on page D9.


Will there be an investigation? An inquiry? A question raised in the House? An editorial somewhere across the Great Expanse?


No.

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