How the Ford Fiasco Jeopardizes Toronto’s Financial Future
"...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."