| Untagged | 8 Apr 2009 |
| How Green is “Green Enough”? by CSadmin1 |
In order to get the silver certification now, the developer would have to spend an additional $300,000 and hopes to work with the channels of government to get the money (the developer's quote was "We're going to find a way to find the money to do it"). Not surprising since the URA already secured for the project a $2.75 million loan and then got a $300,000 grant from the agency yesterday, which is conditional upon getting the silver stamp of approval.
Some on the board worried that allowing the developer to just get the basic certification would set a bad precedent for other developers. How about the precedent of determining how environmentally friendly a hotel should be? Is it worth making a requirement that, from all indications, the developer will pursue but only if he is able to get public money to fulfill?
It is amazing to see the "slippery slope" of public-private partnerships and how they have morphed from the public handling its responsibilities (public safety, infrastructure) and the private sector allocating resources to economic activity.

