Preston offers no financial hope for Ojibwa
Elgin-Middlesex-London MP Joe Preston offered beleaguered Bayham no relief from the huge financial burden the municipality has been left with over HMCS Ojibwa.
He and MPP Jeff Yurek answered questions during a St. Thomas and District Chamber of Commerce luncheon in St. Thomas, Wednesday, April 8.
MP Preston provided no hint of any potential financial relief, now that the museum has defaulted on $6-million borrowed from a bank for the project and guaranteed by Bayham. Township residents face a 10 percent property tax hike to repay that loan.
“It will be the taxpayers of Bayham who pay that bill if the submarine is not a success,” he said.
Read more in the April 15 print edition or the online e-edition.