Here's The Shiny Findings From A New Report On The Economic Impact Of The Shining Waters Railway

This morning in Peterborough, the Shining Waters Railway group revealed the results of an economic impact study commissioned to explore the local economic feasibility of restoring Peterborough-Toronto commuter rail service and upgrading the existing track. The line would run 120 kilometres with a total of eight stations between the Peterpatch and Toronto's Union Station.

Among the projected conservative estimates, according to the report:

Nearly 2000 jobs to be created and $531 million in economic output ($433 million in Ontario) due to capital investment in upgrading track, constructing bridges, and refurbishing rolling stock. Most of the difference would occur in New Brunswick where rail cars will be refurbished.

An additional 110 jobs and $13 million per year in economic output due to operation of the commuter rail line.

• More than $12 million in tax collections for the province and $4 million for the federal government.

Nearly $13 million a year in travel time savings and travel cost savings, $0.6 million a year in environmental savings from new and diverted riders of the service and $11 million in 2031 in accident related costs.

If full Phase 1 & 2 operation begins by mid 2015, the economic impact between now and 2020 is approximately $700 million – combination of construction and operation related impacts and ongoing travel savings.

According to the report, these estimates "do not consider the likely impact of increased rail freight service, non-commuter related travel (tourism, for example), development around the stations, and possible attraction of new business to the region. These estimates do not consider economic activity from alternative ways in which public funds might have been used."

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.

Here Are Some Goodbye Letters Posted At Have You Seen Movie Rental Store

When you wander through Have You Seen..., you can see the sparse shelves and other signs that the doors to Have You Seen will sadly be closing soon. Like these letters:

 

 

[Contributed by PtboCanada's Julie Morris]

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.

The DBIA Spliced Things Up Last Night At Their Annual General Meeting

[chextvDOTcom]

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.

Some People Were Hoping For A Target Over Another Wal Mart Store In Peterborough

[chextvDOTcom]

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.

The Truth About Why Closing PCVS Would Be A Huge Blow To Our Community


THE PHILLIPS REPORTOnce again the public, and private, discussions about the closing of a Peterborough high school have sunk into anecdote and vitriol. Virtually all of the discussion surrounds loyalties—neighbourhood, school, alumni—or mythical nostalgia. As the final decision by the publically elected Board at the Kawartha Pine Ridge District School Board (KPRDSB) approaches, it is time to refocus the discussion on financial and economic realities.
 
Before addressing these issues, it is important consider the role of the Board and the role of its senior management. The Board is elected to see that the KPRDSB has the strategies, policies, facilities, finances, and administration are in place so that the organization—overseen by the senior managers it employs—can provide the best education possible given the resources. Importantly, the Board is responsible to its funders—property taxpayers (residential and business) in Peterborough and the taxpayers of Ontario. The Board’s senior administration must take these resources and deliver the required educational services. There is a clear distinction between the role of the publically elected Board and the role of the administrative staff it employs.
 
The Board now finds itself in a position where the facts show that there is declining enrolment in Peterborough high schools and more schools than are necessary to deliver its educational services. With very similar education services being delivered at the existing schools for several decades, it is difficult to argue that one fewer high school would put the Board in a position where it would be unable to fulfill its mandate.
 
In financial terms, declining high school enrolment and an abundance of property and facilities puts the Board in a position where it has the opportunity to consolidate its operations, sell some valuable property, and use the funds to deliver educational services, and, perhaps, provide taxpayers with some relief from ever-increasing educational property taxes.
 
After the contentious review process was completed, I was pleased to see that the Board added its offices to be part of the mix. With little commercial land available in the industrial parks in the City, the Board could sell its property (a value in the millions of dollars) in the industrial park and consolidate its operations in an existing high school. This is a creative response to a complex decision. However, after this creative financial option was offered by the Board, the pubic debate became increasingly entrenched in anything but the financial, economic, and administrative realities.
 
In economic terms, the issue centers on the future of PCVS. Beyond the issues of its property value (which is the lowest—according to Board’s own property evaluations—of all the properties being considered, and the least likely to lower education property taxes), the significance of the school in terms of its value to the community and its role in economic development were practically ignored. Many of the initiatives to renew and expand the infrastructures of the downtowns of Ontario communities are to increase, not decrease, the downtown’s population density. More importantly, a high school in the downtown represents a source of current and future creative talent.
 
Just over 100 kilometres from downtown Peterborough, at the University of Toronto, is an internationally recognized leader in economic development—Richard Florida. His research describes the significance of the "creative class" and its ability to interact at a social level in city cores as a key contributor to local economic growth. Even with him being an advisor on economic growth to the British Prime Minister, David Cameron, it seems as though his message is more readily heard further away, rather than closer to home.
 
There is little doubt that a downtown high school contributes in many ways to the economic development of a city. I have yet to come across any evidence, from Richard Florida’s point of view, or any other approach to economic development that would suggest that removing a downtown school would contribute to a community’s economic development in a positive way.
 
Basically, as much as there are compelling, anecdotal and nostalgic arguments to close PCVS, there is little substance—financial, economic, or administrative—to the arguments. This must be recognized as the Board’s takes its decision.
 
Earlier this year, I was given the opportunity to present this case in a ten minute presentation to the KPRDSB’s Accommodation Review Committee (ARC). After that presentation, I was given some feedback from a member of the committee that my presentation would have had more credibility if I had not been, "clearly," a PCVS alumnus and supporter.

On that point, I need to set the record straight. I did graduate from PCVS.  However, I disliked high school immensely. In hindsight, my five years of high school were insignificant given my subsequent academic pursuits. The fact that those five years were spent at PCVS has nothing to with the case I am making. My position comes from my community and professional perspective, not a nostalgic view.  I trust that the Board’s decision will be made in the same spirit.

------------

[Contributed by PtboCanada's Tom Phillips Ph. D. Phillips is Economist & Sustainability Director - Greater Ptbo Innovation Cluster.]

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.

Who Do You Think Should Win The EPIC Ventures Small Business Award This Month?

In the Spring, the GPA EDC launched a great new program entitled EPIC Ventures to highlight and showcase local small businesses in the community. You may have noticed these new banners hanging throughout downtown. Each month, a new business is featured based on your nominations. Don't forget to cast your vote for the next deserving winner.

[Contributed by PtboCanada's Julie Morris]

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.

Here's A Neat Video Put Together At The Peterborough Farmer's Market Yesterday

[YouTube]

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.

City Lights Pizza Has Closed Down & The Store Is Now For Lease

 

[Contributed by PtboCanada's Julie Morris]

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.

Does Peterborough Need A Town Hall Meeting To Address Safety In The Community?

No doubt Peterborough is an amazing city in many many ways as we trumpet all the time here. We live in one of the greatest cities anywhere. But this post isn't about that great stuff. It's about the growing concerns many in the community have about unemployment, drugs (and more drugs), break and enters, robberies, domestics, and safety in the downtown (Exhibit A: man holds knife to a person's throat; Exhibit B: bloodied man with an axe).

Three people have been murdered in the city already this year—the latest earlier this week—and well, people are talking about this stuff and what can be done. Sure there is often a correlation between unemployment and crime, but still, people want answers about what can be done about it and safety in the community.

Cameras downtown and care meters and such are all good to a certain extent, but they are also bandaids. There has to be more effective ways for us to stand up and look after our community, and have each other's backs so to speak. If you allow all these things to fester, they don't just magically go away.

We raised the question on Twitter earlier this week about whether the Mayor's office should consider organizing a Town Hall meeting to bring the police chief, politicians and other community leaders together in one space to create a public forum for citizens to air their concerns, and to hear what our leaders have to say. Do it at the Memorial Centre, do it at the Venue, do it at Trentwinds—just find a space and try it. What's the harm? As one person on Twitter suggested, "The only way to effect change is through action. If the powers that be don't hear people's voices, we'll have more of the same."

Now we asked Mayor Bennett about the idea of a Town Hall meeting and here's what he had to say: "Thanks for the suggestion. The items that you have listed are some of the concerns that the City and Councillors address on a daily basis, and we have a public Committee process in place that is intended to engage people who are concerned about them. My suggestion is to direct concerns to your local Councillors so that they can assist by bringing the questions forward; contact the City Clerk so that you or a group of people can make a presentation to Council; and to take advantage of the currency of the Provincial election to compel some accountability for the many responsibilities that fall within the provincial jurisdiction. If my office can be of help in making any or all of these happen, just let me know."

So is that enough? Can they be doing more? Can we be doing more? What do you think about this notion of a Town Hall meeting? Or is this all being overblown and the same stuff happens in any community?

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.

The Habitat For Humanity Build On Jane Street Is Starting to Take Shape

 

 

Here is the background story on the Jane Street build.

[Contributed by PtboCanada's Julie Morris]

Tip us at tips@ptbocanada.com. Follow us on Twitter @Ptbo_Canada.