Nanaimo-Info-blog: Suggestion For Municipal Auditor

A Full Forensic Audit Of The Constructionand Ongoing Management Of This City Asset
I realize that the office of Municipal Auditor General is not operating yet, but I have an excellent project for them to thoroughly investigate in the city of Nanaimo. If any example of how a municipality has handled, or mishandled public funds this could very well be the poster child.

Some Questions Auditor Should Find Answers For:

• What was the TRUE actual cost to construct this building?
• How many comparative tenders were received before  contract was signed with the general contractor who build this project?
• How much was posted as a performance bond when this project was undertaken?
• What happened to the $3,000,000.00 project management fee?
• Was the retail space sold at actual cost to construct?
• What was the  tax revenue this site produced for the city before this new building was built and how much does the same ‘footprint’ produce now?
• How many management proposals were entertained before striking the contract with the current operators of VICC? 
• What is the current market value of this building? 
• How much does the city subsidize the current operators of this complex?

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