Re: Hydro One sell-off smacks of 407 debacle, March 31

Hydro One sell-off smacks of 407 debacle, March 31

Martin Regg Cohn has once again hit the nail on the head by shining a light on the boondoggle of a deal on Highway 407. In past years he has been consistently calling attention to the LCBO and the Beer Store franchise, a business of monopoly with the government as a partner. How ridiculous! Now the Liberal government has woken up and decided to do something about the beer franchise.

Similarly, the time has come for the government to renegotiate the 407 lease or impose a franchise fee if the private owners balk at this move. The public interest should reign supreme when dealing with public assets.

It reminds me of another boondoggle: the sale of the SkyDome, which cost $570 million to build in 1989, for a mere $25 in 2004 to the Rogers Communications, which had acquired the Blue Jays baseball team.

Leave the Hydro One alone for the time being.

Ben Antao, Toronto