Reassessing government-led urban development - Trinidad and Tobago Newsday
1 Articles
1 Articles
Reassessing government-led urban development - Trinidad and Tobago Newsday
THE EDITOR: The announcement of a $45 million mall to be built at Independence Square, Port of Spain, designed to house just 22 micro and small businesses at a rent of $500 per month has generated much fanfare, but also raises serious questions about its long-term viability and fiscal rationale. While presented as a symbol of economic empowerment and urban renewal, the maths reveals an annual revenue of $528,000, meaning the investment will take…
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