Connect with us

Business

Council to vote on $3 million grant and $19 million loan for Westerner Park

Published

4 minute read

City Administration recommending stronger legal oversight and financial support for Westerner Park

A new agreement between Westerner Park and The City of Red Deer will be considered by City Council at a Special Meeting on April 22 with the goal to ensure financial and operating stability for Westerner Park by increasing involvement and legal and financial oversight on the part of The City.

The proposed agreement includes increased City involvement in the decision making process for Westerner Park’s future and financials. It also proposes financial support that responds to short-term operational needs as well as long term-financial sustainability. The proposed financial support comes with a price tag of $22 million.

“In 2019, Westerner Park notified us about their financial instability, and we have since been working with them to ensure they not only survive the economic downturn and global pandemic, but thrive when in-person events and entertainment can resume,” said City Manager Allan Seabrooke. “We are recommending financial support, and a Relationship Framework Agreement inclusive of an updated Master Plan and an Asset Management Plan.”

The first item being recommended is a $3 million cash investment in the form of a grant to ensure continued operations of Westerner Park through the pandemic. A $19 million capital loan is also recommended to enable Westerner Park to pay out an unsustainable loan they currently hold, related to the expansion of Exhibition Hall.

If approved, the proposed $3 million grant is not expected to impact property taxes as it would be funded through the operating reserve; however, the $19 million loan would be funded through debt, and with the proposed payback plan, there would need to be adjustments to The City’s overall capital plan to accommodate this funding.

At this time, without support from The City of Red Deer, Westerner Park cannot continue to operate based on current capital and operating projections.

“It is unfortunate that The City has to consider doing this, but ensuring the success of Westerner Park is mutually beneficial as it drives $150 million in economic activity annually when normal operations are possible. Westerner Park is an important part of the region’s economic recovery and long term community resiliency,” said Seabrooke. “We based our recommendations for financial support on seven years of data and we are confident Westerner Park will be able to pull through these tough times, pay back any loans received, and thrive.”

In addition to this funding, the recommended Relationship Framework Agreement aims to formalize the necessary level of oversight The City will require that is not covered in the previous agreements. The new framework will mean The City has a higher level of involvement in decision-making, budgeting, lease agreements and other major items relating to Westerner Park.

The proposed relationship agreement also outlines expectations on roles and processes for completing a Master Plan for Westerner Park. The plan is expected to establish the 15-year vision, land use concept, multi-modal transportation plan, building design principles and site-servicing concept.

“It is proposed that the first step outlined in the agreement is for Council to discuss and determine the essential elements for what needs to be included in the Master Plan,” said Seabrooke. “Once the plan has been developed, it will go for approval through resolution at an open Council meeting.”

An asset management plan will be developed to ensure all infrastructure on the grounds is maintained. This plan will provide a guide for capital investment to support the long term planning for the site.

Please see attached FAQ Backgrounder for more details. April 2021 – FAQ – WEA (pdf)

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

Follow Author

Business

Liberals to increase CBC funding to nearly $2 billion per year

Published on

From LifeSiteNews

By Clare Marie Merkowsky

The Department of Canadian Heritage promised funding to offset the Canadian Broadcasting Corporation’s nearly 10 percent drop in ad revenue last year despite an audience share of 1.7 percent, meaning over 98 percent of the country is not watching the network.

The Liberal government has promised to spend millions of taxpayer dollars to compensate CBC-TV for ads that the network cannot sell.

According to information released January 20 by Blacklock’s Reporter, the Liberal-run Department of Canadian Heritage will give CBC millions more, bringing the network’s total parliamentary grant near $2 billion a year.

“The CBC has been grappling with a range of financial pressures that are challenging its ability to maintain programming and service levels,” Liberals argued, adding that their department will be “providing additional funding to make it less reliant on private advertising with a goal of eliminating advertising during news and other public affairs shows.”

“The CBC is a pillar of Canada’s creative economy, a key provider of programming made by and for Canadians and a significant source of trusted news and information,” Liberals claimed.

“This government is committed to ensuring the sustainability of the CBC so that it can continue to create public value and adapt to the needs and expectations of Canadians,” the department continued.

The increased government subsidies come after an October report found that CBC’s advertising revenue dropped nearly 10 percent last year.

Furthermore, CBC’s own quarterly report found that its network audience share is only 1.7%, meaning more than 98% of Canadians are not watching CBC.

However, Liberals have chosen to ignore the fact that Canadians are not watching CBC, instead spending millions of dollars to prop up the failing outlet.

Beginning in 2019, Parliament changed the Income Tax Act to give yearly rebates of 25 percent for each news employee in cabinet-approved media outlets earning up to $55,000 a year to a maximum of $13,750.

Last November, Prime Minister Justin Trudeau again announced increased payouts for legacy media outlets that coincide with the leadup to the 2025 election. The subsidies are expected to cost taxpayers $129 million over the next five years.

That amount to the CBC is in addition to massive media payouts that already make up roughly 70 percent of its operating budget and total more than $1 billion annually.

However, many have pointed out that the obscene amount of money thrown at CBC by Liberals is a ploy to buy the outlet’s loyalty.

Furthermore, in October, Canadian Heritage Minister Pascale St-Onge’s department admitted that federally funded media outlets buy “social cohesion.”

Additionally, in September, House leader Karina Gould directed mainstream media reporters to “scrutinize” Conservative Party leader Pierre Poilievre, who has repeatedly condemned government-funded media as an arm of the Liberals.

Gould’s comments were in reference to Poilievre’s promise to defund the CBC if elected prime minister. Poilievre is a longtime critic of government-funded media, especially the CBC.

Continue Reading

Business

Trump promises new era of government efficiency with DOGE

Published on

From The Center Square

By 

Group files suit over DOGE secrecy on Trump’s first day

President Donald Trump promised Americans that their federal government would operate more efficiently with the creation of the Department of Government Efficiency.

“My administration will establish the brand new Department of Government Efficiency,” the 47th president said to applause from Republicans.

Trump’s remarks on DOGE came the same day as a nonprofit group joined a union to file suit over the outside agency, alleging its secret meetings violate federal law.

The complaint, filed by Public Citizen and the American Federation of Government Employees, alleges DOGE violates the Federal Advisory Committee Act because “members do not have a fair balance of viewpoints, meetings are held in secret and without public notice and records and work product are not available to the public.”

“AFGE will not stand idly by as a secretive group of ultra-wealthy individuals with major conflicts of interest attempt to deregulate themselves and give their own companies sweetheart government contracts while firing civil servants and dismantling the institutions designed to serve the American people,” AFGE National President Everett Kelley said in a statement. “This fight is about fairness, accountability, and the integrity of our government.”

Trump spoke about DOGE during his inauguration after making bold promises for the department after winning the 2024 election.

Trump picked Tesla CEO Elon Musk and businessman Vivek Ramaswamy to lead DOGE. Trump said the new group will pave the way for his administration to “dismantle government bureaucracy, slash excess regulation, cut wasteful expenditures and restructure federal agencies.”

Both Musk and Ramaswamy attended Trump’s inauguration Monday. The two men previously outlined their plans for DOGE, which includes reducing regulations that would lead to mass layoffs of federal employees.

“A drastic reduction in federal regulations provides sound industrial logic for mass head-count reductions across the federal bureaucracy,” Musk and Ramaswamy wrote in an op-ed for the Wall Street Journal in November. “DOGE intends to work with embedded appointees in agencies to identify the minimum number of employees required at an agency for it to perform its constitutionally permissible and statutorily mandated functions.”

AFGE, which represents more than 800,000 workers in nearly every federal agency, had previously denounced DOGE. Kelley said it will hollow out the federal government and its workforce.

“By their very nature, cuts of this size also would require slashing spending on our military, homeland security, federal law enforcement, and virtually every aspect of our government operations,” he said. “This kind of financial pressure would lead to painful, widespread reductions in services that will affect Americans from every walk of life.”

Trump has promised to cut “hundreds of billions” in federal spending in 2025 through the reconciliation process. DOGE co-leader Musk initially suggested DOGE could cut $2 trillion in spending. Musk more recently said the group will aim for $2 trillion, but likely come up with half that amount.

Congress controls the purse strings for discretionary spending, which totaled about $1.7 trillion in 2023. Congress generally allocates about half of its discretionary spending to the U.S. Department of Defense.

“The number of federal employees to cut should be at least proportionate to the number of federal regulations that are nullified: Not only are fewer employees required to enforce fewer regulations, but the agency would produce fewer regulations once its scope of authority is properly limited,” Musk and Ramaswamy wrote. “Employees whose positions are eliminated deserve to be treated with respect, and DOGE’s goal is to help support their transition into the private sector. The president can use existing laws to give them incentives for early retirement and to make voluntary severance payments to facilitate a graceful exit.”

Congress has run a deficit every year since 2001. In the past 50 years, the federal government has ended with a fiscal year-end budget surplus four times, most recently in 2001.

Last week, the federal government reported net costs of $7.4 trillion in fiscal year 2024, but it couldn’t fully account for its spending. The U.S. Government Accountability Office, which is Congress’s research arm, said that the federal government must address “serious deficiencies” in federal financial management and correct course on its “unsustainable” long-term fiscal path.

Continue Reading

Trending

X