Innova Park,Offers The Only Real Economic Benefit for The City

The talk of the proposed multiplex,and its "economic impact" is quite debatable. The claim that it would increase economic activity in downtown PA if built on Water St is open to scrutiny,when downtown FW has declined,even with FW Gardens bringing people downtown for 60 years,so is that claimed impact a certainty? Increased "economic activity" in downtown is of benefit primarily to the businesses located there,not the whole city,and could be interpreted as a subsidy by some. Innova Park offers,the  great potential for real economic benefit for the city. There has been more private sector  development around Innova Park, generating new revenue for the city,than some realize. The River Terrace housing development is rapidly encroaching on Thunder Bay Regional,the Days Inn on Golf Links Rd is doing its second expansion ,there is a new mini mall at the corner of Oliver Rd, a new pet food store, a new chiropractic clinic, a new grocery store, and the development of a new condo project at Thunder Bay Country Club. This development is moving south to Innova Park. Built in the 1990's, it has been largely vacant, though that could turn out to be a major windfall economically for the city. With the boost of a new multiplex located in Innova Park, it would likely be the impetus needed for Innova Park to flourish, generating new revenue for the city. Innova Park is on property owned by the city, and the benefit economically will be two fold. When lots are sold in Innova Park,the city will be recovering its investment in Innova Park, and the property will generate new property tax revenue for the city. These new revenues for the city will partially offset building costs, and ease the expected operating expense on the new multiplex. Innova Park is the only location in Thunder Bay with these real economic benefits! This should be the "economic benefit" we seek out in the development of major public sector developments.