A mere two days after I posted my analysis of whether the interchange is really cost-less for Langford taxpayers comes the news that Langford’s plans to borrow $25 million without public approval are now dead.
==============================
Loan plan for interchange abandoned
Langford will now look to borrow $9.7 million for its share of project
Bill Cleverley, Times Colonist
Published: Thursday, March 13, 2008
Langford has abandoned plans to borrow $25 million for developers building the new Trans-Canada Highway interchange near Spencer Road. Read the rest of this entry »
