How the Ford Fiasco Jeopardizes Toronto’s Financial Future

Taking office on a promise of fiscal responsibility, scandal-plagued mayor Rob Ford threatens Toronto’s reputation and future prosperity. Adam Giambrone shares insights from some of Toronto’s business leaders and financial experts.

"...Turning [Toronto] into the butt of a worldwide joke could cut dangerously into the city’s prosperity," writes Adam Giambrone. "It’s a strange turn of events for a mayor who electioneered on his business smarts, uses fiscal responsibility as his calling card and deems himself a champion of job creation."

“Toronto has reasonable taxes, an educated workforce, good proximity to markets and decent infrastructure," he continues, "but Ford’s travails are creating a sense of crisis and instability, and the longer that goes on, the more unattractive [Toronto will] become.” 

"Objectively, the mayor’s activities – from murder-threat rants to drunken stupors – should not affect investments, but there are always factors in decision-making, my sources say, that aren’t based only on hard facts." 

Full Story: Ford Factor: We will all end up paying an economic price for the mayor’s lack of integrity


building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.