Guest Post by Ron Penney
“If something seems to be good to be true, it usually is.”
The Sale of Mile One.
I’ve been following with interest the continuing war of words between Dean MacDonald and the City about his wish to “purchase” Mile One, add additions to the building, and eliminate the public subsidy.
I’ve been often asked about my thoughts on this given my involvement with the building of Mile One and the Convention Centre and its operations, during my tenure as the City Manager with the City of St. John’s.
Most people think that the sale of Mile One is a no-brainer. What’s not to like about it? Getting rid of a “white elephant”, eliminating the subsidy and revitalizing the building. Who could be opposed to that? As I will demonstrate it is a lot more complicated than it appears at first and it shouldn’t be sold.
