Foley warns of high financing risks for West Middle Creek project
Kevin Foley told a local podcast the town may have rushed the West Middle Creek decision while other projects remain unfinished; he warned of potentially huge interest costs and urged more forethought before placing projects on the agenda.
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Kevin Foley said the decision to move ahead on the West Middle Creek project felt ‘‘a little rash’’ while projects such as Dobson and Timber Ridge remain incomplete. Foley told the High 5 Access Media podcast he was especially concerned about the financing timeline and interest exposure, saying, "I mean, to to think that we might pay 700,000,000 in interest on that project, to me, just boggles my mind."
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