St. John’s city council says it needs more information before deciding whether or not to sell Mile One Centre to a private owner.
The city commissioned consultants KPMG on October 15, 2020, at a cost of $35,000, to advise on the best course of action. The report was handed over to the city on January 14, 2021.
It took KPMG three months to review everything from the number of other privately-held arenas, to an analysis of the building system, labour relations implications, as well as impacts on tourism and a good selling price.
But KPMG said what the city really needs is a solid structural assessment of the building to determine how many years it has left.
Still, council says the report presents both the pros and cons of privatizing Mile One, as well as how similar facilities are run across Canada.
Council announced today that it will delay the decision on potentially selling Mile One until a building condition assessment is completed.
The report presents both the pros and cons of privatization. To read the full report, visit: https://t.co/JCFos3YfyV #sjpoli #nlpoli pic.twitter.com/uidAkM0Hv5
— City of St. John's (@CityofStJohns) March 1, 2021
