John Scheel, a retired banker tells the Financial Post that P3s are more expensive, generate excessive returns, and are not transparent.
Scheel begain researching P3 deals after Oakville residents woke up to the fact that their taxes would have to fund the $200 million share of their new $1.5 billion P3 hospital.
The comments are not new — OPSEU has been among P3 critics since the concept came to Ontario. However, to see such a critique in the Financial Post is new. When one of Canada’s wealthiest municipalities contemplates a surtax to cover the cost of these expensive projects, decision-makers finally take notice. See link below: