City debt continues to grow

Having visited the site of the old arena, one could only be dismayed by the struggle and Herculean efforts required to demolish the old arena thus creating enough waste, at great expense, to comfortably fill our garbage dump. However, all is not being thrown out. The new arena will incorporate the neon sign which “will serve as a backdrop to the memories and history that will be made in the new facility.” The recent historic borrowing binge by the city will certainly serve to provide lasting memories to Red Deer taxpayers that they well long to forget.

Having visited the site of the old arena, one could only be dismayed by the struggle and Herculean efforts required to demolish the old arena thus creating enough waste, at great expense, to comfortably fill our garbage dump. However, all is not being thrown out. The new arena will incorporate the neon sign which “will serve as a backdrop to the memories and history that will be made in the new facility.” The recent historic borrowing binge by the city will certainly serve to provide lasting memories to Red Deer taxpayers that they well long to forget.

If the old arena was in private hands it would have been repaired and maintained for continued use. The funds which have been committed to this new edifice should have instead been used to provide countless community recreational facilities for the use of all residents.

Ironically, we are told this is in an effort “to create a greener and more efficient operation and will be a host facility for the 2019 Canada Winter Games.” How green and efficient can it possibly be when we fill up our dump with waste from a legacy asset that refuses to die under the wrecker’s ball in order to create a boastful bauble for an event that will occupy only a couple of weeks of anyone’s attention?

We are told that this is a great infrastructure initiative that is coming in at a sale price because of the downturn in the Alberta economy. This approach is in accord with the “Happy Days” approach that dime-store politicians are selling these days. Why is is that after having saved cash, the city will have less money and bigger debt?

This council and administration promotes and participates in what is described as “the broken window theory of economics.” In their view, if a kid throws rocks through a window it creates a lot of economic activity for the glass manufacturer, the installer, the waste company, the police, and untold other benefits, including for the insurer who will increase insurance premiums. New areas are sale-priced and we need the economic activity. One wonders if one shouldn’t have built two or more arenas since they are on sale?

No one ever borrowed themselves to prosperity. The resulting debt is a gift which keeps giving and leads to negative multiplier effects.

Donald A. Petersen, Red Deer

Just Posted

Cruel and sadistic: Central Alberta dog rescuers believe there are dog fighting rings in province

With the increased number of stolen dogs, some central Alberta rescuers are… Continue reading

Red Deer hospital expansion recognized in throne speech

Society for Hospital Expansion in Central Alberta calls for more details

UPDATED: “I want to be your premier again”: Rachel Notley

Premier Rachel Notley makes announcement on Tuesday morning

Mixed Nuts revue presented Saturday to kick off first Carole Forhan Theatrical Scholarship

Broadway songs, comedy skits are part of the Red Deer Players production

Opinion: Let’s be heard ‘loud and clear’ during provincial election campaign

By David Marsden During the banquet for Sunday’s Boston Bruins alumni game,… Continue reading

Documentary on Colten Boushie case to open Toronto’s Hot Docs festival

TORONTO — A film examining the case of a young Indigenous man… Continue reading

Want to help bees? Plant flowering herbs

Herbs are among the most useful plants in nature. They can tantalize… Continue reading

UN: Gene editing for human reproduction is ‘irresponsible’

GENEVA — A panel convened by the World Health Organization said it… Continue reading

Photos: Three moose spotted in Red Deer Tuesday

Three moose were spotted in Red Deer Tuesday morning. Red Deer resident… Continue reading

Andreescu rockets to No. 24 in WTA Tour rankings after Indian Wells title

Canada’s Bianca Andreescu has rocketed to No. 24 in the WTA Tour… Continue reading

Canadian figure skaters looking to reach new heights at world championships

Nam Nguyen, Alaine Chartrand and Kirsten Moore-Towers and Michael Marinaro all have… Continue reading

Man linked to largest art heist in history freed from prison

HARTFORD, Conn. — A reputed Connecticut mobster who federal authorities believe is… Continue reading

Most Read