More Casino Dreams And Other Long Shot Gambles

I am agnostic, in the noncommittal kind of way, about a casino project going in at Woodbine Racetrack. whateverBack last debate on the issue – what? 1, 2, 3 years ago now? – I was fairly adamant in my opposition to a waterfront/downtown casino as something that would bring no value with it. In fact, it might even detract from the new development going on from the Ontario Place site east through the Don and beyond.

With Woodbine? I don’t know. Gambling’s bare bones are already there. I haven’t heard any other ideas for enhancing the area. Reasonable people are making reasonable sounds about a casino helping to bring about jobs to an area hammered hard by lack of opportunities.

So, with the Executive Committee requesting a report on the prospects of a casino at Woodbine expect to hear renewed debate about the quality of those jobs, the positive and negative effects a casino will have on the area, new revenue windfall pouring into city coffers. Pretty much, the same old, same old. Essentially the same cast of characters, saying the same words only about a different location.

“This is not a pot of gold for Toronto,” Councillor Shelley Carroll said during the meeting (in all likelihood a refrain she made at the last casino debate). rollthedice“It’s a sustainability strategy for the province.”

That’s one absolute we can make about a casino in Toronto. The city’s cut of casino money will not build us affordable housing. It will not build SmartTrack. It won’t even make much of a dent into the $86 million operating budget shortfall we’ve borrowed money to pay.

Whatever leverage Toronto had with the province to up the percentage take for hosting a casino somewhere downtown will not be in place for Woodbine. Location, location, location, am I right? We will take what the province offers and, if recent interactions are any indication, somehow the city will wind up owing Queen’s Park money in return for hosting a casino at Woodbine.

At best, I imagine, if a Woodbine casino does comes to pass, we’ll be left debating whether or not the revenue it generates for the city covers the social costs inherent in expanding gambling.

Similarly, such fiscal pros and cons will be front and centre with the TTC Chair Josh Colle’s Executive Committee motion about going the public-private partnership route when it comes to building the Scarborough extension of the Bloor-Danforth line. “It is our basic responsibility to look at other ways to manage these,” Mayor Tory said, as part of the administration’s scrambling response to the reports earlier this month about cost overruns and delays with the Yonge-University-Spadina subway extension. rouletteThe TTC, it has been concluded, is no longer up to the task of managing and overseeing these big capital builds.

Maybe…Maybe…

Another way to look at this particular situation is that maybe the city should shy away from building subways where subways aren’t warranted, building subways for purely political reasons. Let’s stop pursuing bad ideas with similarly bad ideas. Start following best practices and expert advice instead of the ideology of ‘deserve’.

If Mayor Tory and TTC Chair Colle were truly worried about money and excessive costs to the city, the latter would never have supported replacing the LRT extension of the Bloor-Danforth line with a subway in the first place and the first thing the former would’ve done after becoming mayor is reopen that debate and reverse the outcome. Colle did and Tory didn’t, so neither really is in any sort of position to caution us about fiscal responsibility or whatever reasons they’re touting for pushing the P3 model to finance subway construction that shouldn’t even be on the table.

So, whatever. Go nuts. Pursue the P3 dream. Everything else about the Scarborough subway is based on a finger-crossed wing and a prayer. nomoneydownWhy not throw P3s onto that particular vanity bonfire.

But please don’t tell us it’s a sure bet. The jury is still out on the efficacy of the P3 model, just like it is on the benefits a casino delivers to municipalities.

The only thing we should know for certain is that politicians championing casinos and P3s are pitching us the lure of easy money and easy answers. We can have whatever it is we want and not pay the full freight. Nothing upfront, interest to be paid eventually, by somebody else.

feeling luckily submitted by Cityslikr

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