Madhunt Publishing Company
Alliston, Ontario

Madhunt Publishing Company
founded March 22, 1999.

New Tecumseth Free Press Online
First Posted April 30, 1999

To email: Tony Veltri .

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Sales projections missed mark, worried about DC's

Posted September 13, 2012

So let me get this straight, New Tecumseth invested $750,000 in lease hold improvements to build the Hornet's Nest restaurant, then signed a contract for its operation that looks as if it would have taken more than 10 years of lease payments to pay back based on the original projected gross sales.

But as it turns out, the estimated sales revenues were so far off that in reality, even using the best year's rent paid to the Town to date, it will take over 17 years just to pay it off.

Is this the same town that is expecting and "projecting" development charges to finance the ever expanding debt loads being incurred to cover the cost of urban sprawl?

Adam Hutchinson