A resident’s comments.
The favourite number being batted around as of late by proponents of keeping the Wilson Farmhouse (on Simmonds Dr) is that going ahead with the staff recommendation of documenting, salvaging and demolishing the building will come at a cost of $265,000.
This fabricated number in the form of a public scare tactic is based on a) an opportunity cost, and b) a wild assumption.
Reported in the Tribune, as well as by ‘heritage concerned citizens’, people are citing that it will cost $265,000 based on the fact that the city will not collect revenue from its severance and sale on the private market for an estimated “$200,000-$250,000”.
The opportunity cost of not selling is not a real cost.
The revenue was not originally budgeted upon acquisition of the land by the city, and therefore represents only an opportunity, not cash spent.
The WILD assumption is that someone would actually come along and purchase this property given the amount of work it needs, the spectre of heritage limitations and interests, the awkward placement, and the sheer can of worms any seasoned renovations expert knows to expect with a home like this. What a sale to private interest could expect to net, and when it happen is anyone’s guess.
So, if we are really concerned about fiscal responsibility as the editorials suggest, then we would do well to note the option of documenting, salvaging, and demolishing the building is at an “estimated cost of $30,000 – $50,000 represents minimal costs”.
Come on, folks. Documenting and salvaging will preserve the historical value of this home that has come upon unfortunate neglect.
And no, dear taxpayer, it will not cost you a mythical $265,000.
Let’s work with real costs. Like minimal ones. KH