About 300 Bancroft residents turned out last night to hear the latest on the Building Bancroft project. Councilors and consultants involved in the 2nd phase of the planning process were on hand to answer questions from the public. It was clear that in order for the project to move forward the findings of the Business Plan and Feasibility Study have to show that the cost of the project will not stress an already over burdened local economy. Of major concern was an increase in resident’s tax bills. Greg Black, the Project Coordinator explained that if the Feasibility Study showed that taxes would have to be raised in an unfair manner to cover the cost of the project, then the project would not move forward. Also of concern was the Town’s purchase of the “Old IGA” property to which Deputy Mayor Larry McTaggart responded that it was purchased to secure a centerpiece for the project and could be sold if the project fails to move forward. Greg Black reminded everyone that the project can not move forward without public input. He also explained that if the Business Plan and Feasibility Study show that the cost of The Building Bancroft project is too high, even with Federal and Provincial commitments, the plan will not move ahead. The Building Bancroft Business plan is expected to be in front of Council at the end of March. Below is a sample of questions and answers provided at last night’s meeting:
About 15 citizens came forward during the Q&A session.
Will taxes be raised to cover the huge costs? Greg Black explained that if taxes have to be raised in an unfair manner, the project will not be feasible. This project is designed to act as a catalyst to accelerate development of tourism and to help increase the tax base in our area – not burden an already stressed local economy.
One person questioned the decision to borrow money to secure the Sobeys property for a municipal centre thus losing much needed tax revenue. Larry McTaggart answered that it was purchased to secure a centerpiece for the project and could be sold if the project fails to move forward. Also, that a strong municipal presence in the downtown core is needed to ensure growth in Bancroft.
Greg Black was asked if locals would be considered when project leaders tendered contracts. He explained that two of the major consulting firms currently involved in this project so far were based in Bancroft and that all local firms will be considered if their levels of expertise and experience met requirements.
Some questioned if a third hotel/motel was needed. Greg Black answered that if the project generates the desired increase in area tourism, a 60 unit hotel would help with future growth.
Another asked why more retail space was required when several main street stores currently sit empty. Again, Mr. Black stressed that a more attractive downtown will attract the right small business entrepreneurs as well as offer opportunities for local business start ups.
In conclusion, Greg Black reminded all in attendance that if they have concerns, all municipal representatives and consultants are available to answer questions and urged people to get involved in the process. He stressed that consultants cannot do their jobs without local input. He also explained that if the Business Plan and Feasibility Study show that the cost of The Building Bancroft project is just too high, even with Federal and Provincial commitments, and that the opportunities are not attractive enough to secure private sector investors, the plan will not move ahead. The public was then invited to take some time to view several design concepts in greater detail at the back of the room, as project consultants, sub committee members and councilors made themselves available.
Building Bancroft
