31-07-2018 02:09 via thestarphoenix.com

'A dumpster fire': No 2017-18 land sales, rising debt; NDP repeats call for inquiry into GTH

The Opposition NDP says the latest annual report from the Global Transportation Hub demonstrates the need for a judicial inquiry into its management.
The GTH had previously projected it would make $10 million in land sales in the 2017-18 financial year; instead, but for the year ending March 31, 2018, it recorded no sales at all, and $231,000 in land leases.
The GTH’s debt now sits at $40 million, the bulk of it a $28 million loan from the Royal Bank of Canada.
Interest on its debt has inc
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