TDSB delays: “No money to build”

A news column in the Toronto Sun, February 5, 2010, sheds light on the challenges faced by TDSB officials and trustees regarding re-development of the Thomson-Bendale property:

As far as worries about what trustees have to “sell” back to closure communities, the problem is the board has no money to build anything. It owes $62 million it borrowed starting five years ago to deal with dire repairs — like caving in walls. The provincial government wants that paid back, or at least a pay-back plan, before it lets the TDSB go out and borrow even more money for these community “reinvestments.”

Case in point, the board approved a plan a year ago — worked out by one central Scarborough school neighbourhood — to consolidate Bendale and Thomson high schools into one, sell some land and use the savings to finance a better, single school. A year later and that community is wondering what’s happening — no kidding. If things went ahead it would be a PR win for the board and government and probably ease the reluctance of other neighbourhoods to talk about closures.

See the full Toronto Sun news column here.


There are no comments yet...Kick things off by filling out the form below.

Leave a Comment