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Recent comments

  • Eli
    January 26, 2012 - 13:57

    Marble Mountain Resort on the west coast and Mile One Stadium on the east coast. With debt at both bookends of our province is it any wonder what's in between. Oh! for the blanket of Cabinet Secrecy.

    • brett
      January 27, 2012 - 09:58

      Mile One is more than covered via the accommodation taxes in St. John's. Taxes that were levied on hotels + b+b's specifically to pay for Mile One.

    • Gerry
      January 27, 2012 - 10:52

      Brett, could you please explain why Mile One gets a grant of half a million bucks from St. John's City Council if it's costs are covered by the accommodations tax?

    • brett
      January 27, 2012 - 16:36

      Technically maybe not, but after the first "x" dollars (don't have figures) of accommodation tax dollars are given to Mile One, the overflow is used by the city (although most is for advertising for the tourism department). I couldn't find the figures, but should all the accommodation tax be put towards Mile One that would more than cover the grant.

    • Anne
      January 30, 2012 - 12:17

      No, the accomodations tax has never raised enough revenue to cover the operations subsidy of Mile One. You can check city budgets on-line to verify that.

    • brett
      January 30, 2012 - 23:45

      Accomodation Tax: $1,428,800 But what I don't know how to find out is how much is put towards mile one stadium, and how much is used for other things, or how big the grant for Mile One is. (was assuming Gerry's 500k was accurate)

  • Gerry
    January 26, 2012 - 13:39

    Isn't this a private operation??Government should not spend one more cent on this. People of GFW and Stephenville should be up in arms if any more taxpayers money is spent on this. I guess the paper mill in C. Brook is lining up for more bailout money. Nice to to have Tom and the boys around

  • brett
    January 26, 2012 - 09:23

    Can this business be run profitably? How much is it worth for the government to walk away from it? Wish they told us the earnings before tax + debt costs. This corp might need bankruptcy, and to be sold to another group with more capital... But if earnings don't cover expenses...

  • TR
    January 26, 2012 - 08:43

    Although it is nice to see the AG checking on our tax dollars, it would be nicer if he included details such as that provided by the govt. Interest expenses are high due to the line of credit but maybe they had no choice considering the lack of revenue. Also things get missed when you have a change of staff.