Peterborough's Creative, Arts & Technological Sector Is Booming

Read the Martin Prosperity Institute report on Peterborough here, which says our "distinct, almost bohemian, culture is of special interest contrasted against Peterborough's surrounding, more conservative counties."

[chextvDOTcom; The Impact Of Peterborough's "Creative Class" On Local Economic Innovation & Growth; Martin Prosperity Report On Peterborough]

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Here Are Some Photos & Video From The PCVS Ghost Walk Today

It would appear that the kids are not over it. Students from PCVS took to the streets over the noon hour today to show their displeasure in the announced closing of their high school. The event was mounted as a "ghost walk" and was meant to point out to everyone that if you take more than 900 kids and teachers out of the downtown, it does have an effect. While the decision to close PCVS is in the Ministry of Education's hands (pending an Administrative Review), that didn't stop the hundreds of kids who have taken it upon themselves again to show the community that the decision of the School Board trustees is still on their minds.


 

[video via Desiree Fawn on Vimeo]


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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."

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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]

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

[chextvDOTcom]

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

[chextvDOTcom]

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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.

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

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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]

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

[YouTube]

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

 

[Contributed by PtboCanada's Julie Morris]

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