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Oak Bay's crumbling infrastructure


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#141 On the Level

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Posted 08 October 2021 - 07:37 PM

I thought monocles were always at least 50% off.  :P

 

I always wondered about monocles. It seemed weird, but now laser surgery will adjust one eye but not the other and the brain adjusts.  Will monocles come back as an investment?


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#142 todd

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Posted 09 October 2021 - 03:38 AM

Will monocles come back as an investment?


Yes.
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#143 todd

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Posted 09 October 2021 - 03:40 AM

Anyway back on topic Oak Bay with oddly high property values and a poor municipal government.

#144 Victoria Watcher

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Posted 09 October 2021 - 05:26 AM

just raise the damn taxes to the level required.

#145 todd

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Posted 09 October 2021 - 05:29 AM

I was hoping for infrastructure funding from some government in the next 30 years

#146 On the Level

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Posted 11 October 2021 - 06:45 PM

Anyway back on topic 

 

Sorry. I was trying to find the Monocles thread but Mike needs to fix the search thingy.  



#147 Redd42

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Posted 11 October 2021 - 06:59 PM

I live in a house that straddles the Victoria / Oak Bay border. You can definitely tell where Oak Bay begins. The sidewalk ends, the line on the road is barely visible and the road way is just a bunch of asphalt patches. 


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#148 todd

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Posted 11 October 2021 - 07:04 PM

Sorry. I was trying to find the Monocles thread but Mike needs to fix the search thingy.


;)

#149 todd

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Posted 29 October 2021 - 09:30 AM

“Debt a near certainty as Oak Bay faces infrastructure shortfall“

“..report finds even if the district increases reserve contributions to sustainable levels starting in 2022, debt would still be required between 2026 and 2069. At current funding levels, the district would need to borrow $855 million and incur an interest expense of approximately $395 million to fund infrastructure replacement…”:

https://www.oakbayne...ture-shortfall/



“Oak Bay forecast a $2.2M operating budget surplus“: https://www.saanichn...budget-surplus/

 



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