Tag Archives: transportation

BC Ferries: Losing money by cutting service

Think of the money the government could save by closing down the Trans Canada highway! No more expensive road maintenance, and the land could be sold off to build more condos!

…Of course there may be some negatives associated with closing that highway.

Here on the coast much of our province is across water, which means the transportation system we rely on is BC Ferries.

An economic analysis shows that the expected $725k savings from recent cuts is actually causing a loss of $870k in tax revenues as tourism plunges $3.9 million following deep service cuts.

About one in five tourism- ism-based businesses in the Coast-Chilcotin region report foreclosure is a near-term possibility.

More than 40 per cent report losing most or all of their tourist bookings when agencies couldn’t sell the Discovery Coast package due to worries over ferry service.

And three in four businesses report decreased income in the year after the service cuts, according to the report by Larose Research Strategy.

Read the full article here.

FFFA! Rentals, Repairs, Indexes

Hey it’s the end of another work week!

And if you’ve been here before you know what that means: It’s Friday Free-for-all time!

This when we do our end of the week news round up and open topic discussion thread for the weekend, here are a few links to kick off the chat:

Why don’t you buy already?
Marketing! Buzzwords!
Record debt, but no worries
Include transportation costs
And maintenance costs
Toronto beats Vancouver in crazy?
Vancouver island buyer or seller market?

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!