DesignatedEducatedExperiencedConnected

Insight: REIBC blog
Advancing the conversation on land and real estate issues in BC.

Insight: REIBC blog > Exploring the Costs of Site C

Exploring the Costs of Site C

posted on 10:50 AM, May 19, 2017
farm_flickr_DeSmog-Canada_Emma-Gilchrist_2014_14524247117_a2fa8be0ce_o.jpg
This family-owned Peace River ranch will be underwater when the Site C dam is completed. credit: Emma Gilchrist, DeSmog Canada (flickrCC)

“At a projected cost of $8.8 billion, the approved but yet-to-be-built Site C dam is the single most expensive public infrastructure project in BC’s history. However, far more is at stake than just our pocketbooks when assessing the costs of Site C,” caution Grand Chief Stewart Phillip and Canadian Centre for Policy Alternatives’ Ben Parfitt.

The pair argue that too few benefits alongside too many costs make Site C a poor investment. From loss of farmland and biodiversity to infringement on Indigenous rights, the environmental, social, and cultural costs are many. And then there’s the economic implications.

“With major work on the dam not even started, our hydro bills are already climbing well beyond inflation, in part because of costs coming due on repairs and upgrades at existing dams, and questionable investment decisions by BC Hydro,” write the authors. “By 2018, we will pay nearly 30% more for our power than we did in 2013.”

input-spring-2017.jpg
Download Spring 2017

Read more about the project’s expected impacts in “Site C Dam Comes with Too Many Costs,” in the Spring 2017 issue of Input, page 16. Download Spring 2017

Join the conversation on Facebook

Recent Articles

Local Success, Not Foreign Buyers posted on 2:35 PM, April 20, 2018 in Insight: REIBC blog

Surrey’s All Grown Up posted on 10:36 AM, March 9, 2018 in Insight: REIBC blog

Future-of-Work: Ready or Not, Here I Come posted on 3:03 PM, March 29, 2018 in Insight: REIBC blog

Growth and Opportunity in Penticton posted on 10:28 AM, February 16, 2018 in Insight: REIBC blog

The Real Estate Powers of Local Governments posted on 10:25 AM, January 26, 2018 in Insight: REIBC blog

At Home in Edmonton Tower posted on 10:44 AM, January 5, 2018 in Insight: REIBC blog

Why Create a Property Management Strategy? posted on 10:42 AM, December 15, 2017 in Insight: REIBC blog

What Happens When the Data Is Wrong? posted on 10:22 AM, November 3, 2017 in Insight: REIBC blog

Data in Public and Private Sector Consulting posted on 10:03 AM, October 13, 2017 in Insight: REIBC blog

Future Food Security Requires Data Now posted on 10:37 AM, September 22, 2017 in Insight: REIBC blog