Wednesday, February 08, 2012

New City Annex Comparison

Two Buildings Total 75,623 Square Feet 
And 3 Parking Lots Sale Price: $7,200,000.00

Right next door to the new City Hall Annex (shiny new staff office) is the Dunsmuir Place building which includes over 75,000 square feet of office and occupies over 93,000 square feet of land area. This property is being offered for sale for $7,200,00.00.

It is right beside the shiny new staff office being built for $11,000,000.00 (not tendered) which when complete offers I believe about 45,000 square feet. Not included in the $11,000,000.00 price is the value of the land the shiny new office will be sitting on.

The decision to not upgrade the existing Annex for $4,000,000.00, or perhaps buy the Dunsmuir Place building which gives a considerably larger building for considerably less money, will be forever shrouded in secrecy as city hall and city council is still unwilling to release the minutes of the in-camera meeting where they decided to spend $16,000,000.00 on a shiny new office for city hall staff, complete with shiny new desks and equipment. By the way, that amount would equal the budgeted tax increase for 4 - 5 years had they chosen to either stay where they are, or upgrade where they are.

But instead city council and city staff decided it best to spend $16,000,000.00 of YOUR tax dollars. Do you think they made a wise choice??


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