Some People Were Hoping For A Target Over Another Wal Mart Store In Peterborough

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The Truth About Why Closing PCVS Would Be A Huge Blow To Our Community

THE PHILLIPS REPORTOnce again the public, and private, discussions about the closing of a Peterborough high school have sunk into anecdote and vitriol. Virtually all of the discussion surrounds loyalties—neighbourhood, school, alumni—or mythical nostalgia. As the final decision by the publically elected Board at the Kawartha Pine Ridge District School Board (KPRDSB) approaches, it is time to refocus the discussion on financial and economic realities.
 
Before addressing these issues, it is important consider the role of the Board and the role of its senior management. The Board is elected to see that the KPRDSB has the strategies, policies, facilities, finances, and administration are in place so that the organization—overseen by the senior managers it employs—can provide the best education possible given the resources. Importantly, the Board is responsible to its funders—property taxpayers (residential and business) in Peterborough and the taxpayers of Ontario. The Board’s senior administration must take these resources and deliver the required educational services. There is a clear distinction between the role of the publically elected Board and the role of the administrative staff it employs.
 
The Board now finds itself in a position where the facts show that there is declining enrolment in Peterborough high schools and more schools than are necessary to deliver its educational services. With very similar education services being delivered at the existing schools for several decades, it is difficult to argue that one fewer high school would put the Board in a position where it would be unable to fulfill its mandate.
 
In financial terms, declining high school enrolment and an abundance of property and facilities puts the Board in a position where it has the opportunity to consolidate its operations, sell some valuable property, and use the funds to deliver educational services, and, perhaps, provide taxpayers with some relief from ever-increasing educational property taxes.
 
After the contentious review process was completed, I was pleased to see that the Board added its offices to be part of the mix. With little commercial land available in the industrial parks in the City, the Board could sell its property (a value in the millions of dollars) in the industrial park and consolidate its operations in an existing high school. This is a creative response to a complex decision. However, after this creative financial option was offered by the Board, the pubic debate became increasingly entrenched in anything but the financial, economic, and administrative realities.
 
In economic terms, the issue centers on the future of PCVS. Beyond the issues of its property value (which is the lowest—according to Board’s own property evaluations—of all the properties being considered, and the least likely to lower education property taxes), the significance of the school in terms of its value to the community and its role in economic development were practically ignored. Many of the initiatives to renew and expand the infrastructures of the downtowns of Ontario communities are to increase, not decrease, the downtown’s population density. More importantly, a high school in the downtown represents a source of current and future creative talent.
 
Just over 100 kilometres from downtown Peterborough, at the University of Toronto, is an internationally recognized leader in economic development—Richard Florida. His research describes the significance of the "creative class" and its ability to interact at a social level in city cores as a key contributor to local economic growth. Even with him being an advisor on economic growth to the British Prime Minister, David Cameron, it seems as though his message is more readily heard further away, rather than closer to home.
 
There is little doubt that a downtown high school contributes in many ways to the economic development of a city. I have yet to come across any evidence, from Richard Florida’s point of view, or any other approach to economic development that would suggest that removing a downtown school would contribute to a community’s economic development in a positive way.
 
Basically, as much as there are compelling, anecdotal and nostalgic arguments to close PCVS, there is little substance—financial, economic, or administrative—to the arguments. This must be recognized as the Board’s takes its decision.
 
Earlier this year, I was given the opportunity to present this case in a ten minute presentation to the KPRDSB’s Accommodation Review Committee (ARC). After that presentation, I was given some feedback from a member of the committee that my presentation would have had more credibility if I had not been, "clearly," a PCVS alumnus and supporter.

On that point, I need to set the record straight. I did graduate from PCVS.  However, I disliked high school immensely. In hindsight, my five years of high school were insignificant given my subsequent academic pursuits. The fact that those five years were spent at PCVS has nothing to with the case I am making. My position comes from my community and professional perspective, not a nostalgic view.  I trust that the Board’s decision will be made in the same spirit.

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[Contributed by PtboCanada's Tom Phillips Ph. D. Phillips is Economist & Sustainability Director - Greater Ptbo Innovation Cluster.]

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Who Do You Think Should Win The EPIC Ventures Small Business Award This Month?

In the Spring, the GPA EDC launched a great new program entitled EPIC Ventures to highlight and showcase local small businesses in the community. You may have noticed these new banners hanging throughout downtown. Each month, a new business is featured based on your nominations. Don't forget to cast your vote for the next deserving winner.

[Contributed by PtboCanada's Julie Morris]

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Here's A Neat Video Put Together At The Peterborough Farmer's Market Yesterday

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City Lights Pizza Has Closed Down & The Store Is Now For Lease

[Contributed by PtboCanada's Julie Morris]

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Does Peterborough Need A Town Hall Meeting To Address Safety In The Community?

No doubt Peterborough is an amazing city in many many ways as we trumpet all the time here. We live in one of the greatest cities anywhere. But this post isn't about that great stuff. It's about the growing concerns many in the community have about unemployment, drugs (and more drugs), break and enters, robberies, domestics, and safety in the downtown (Exhibit A: man holds knife to a person's throat; Exhibit B: bloodied man with an axe).

Three people have been murdered in the city already this year—the latest earlier this week—and well, people are talking about this stuff and what can be done. Sure there is often a correlation between unemployment and crime, but still, people want answers about what can be done about it and safety in the community.

Cameras downtown and care meters and such are all good to a certain extent, but they are also bandaids. There has to be more effective ways for us to stand up and look after our community, and have each other's backs so to speak. If you allow all these things to fester, they don't just magically go away.

We raised the question on Twitter earlier this week about whether the Mayor's office should consider organizing a Town Hall meeting to bring the police chief, politicians and other community leaders together in one space to create a public forum for citizens to air their concerns, and to hear what our leaders have to say. Do it at the Memorial Centre, do it at the Venue, do it at Trentwinds—just find a space and try it. What's the harm? As one person on Twitter suggested, "The only way to effect change is through action. If the powers that be don't hear people's voices, we'll have more of the same."

Now we asked Mayor Bennett about the idea of a Town Hall meeting and here's what he had to say: "Thanks for the suggestion. The items that you have listed are some of the concerns that the City and Councillors address on a daily basis, and we have a public Committee process in place that is intended to engage people who are concerned about them. My suggestion is to direct concerns to your local Councillors so that they can assist by bringing the questions forward; contact the City Clerk so that you or a group of people can make a presentation to Council; and to take advantage of the currency of the Provincial election to compel some accountability for the many responsibilities that fall within the provincial jurisdiction. If my office can be of help in making any or all of these happen, just let me know."

So is that enough? Can they be doing more? Can we be doing more? What do you think about this notion of a Town Hall meeting? Or is this all being overblown and the same stuff happens in any community?

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The Habitat For Humanity Build On Jane Street Is Starting to Take Shape

Here is the background story on the Jane Street build.

[Contributed by PtboCanada's Julie Morris]

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Here Are Pictures Of Businesses That Have Been On The Move Lately Throughout Downtown

A short walk downtown and it's hard not to spot the ever changing store fronts. Some unfortunately were unable to make a go of it so new businesses are moving in, while others have simply decided to move to different locations. Here are just a few of the store changes I noticed while walking about one recent afternoon, and who's settled in where. 

If you know of other local stores changing locations, contact Julie Morris by clicking here. 

[Contributed by PtboCanada's Julie Morris]

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Why Peterborough's Unemployment Rate Is So High In Global Context (And What Can Be Done About It)

THE PHILLIPS REPORTWith all the bad news coming out of the US, Europe, and international financial markets, the most common topic of discussion locally is unemployment. Locally, there is no doubt that the number of those without work has grown since the beginning of the international financial crisis in the fall of 2008.

The data is clear. The number of people unemployed in the Peterborough area doubled between November 2008 and May 2009—from 2,800 to 5,600. Thankfully, the number of unemployed has increased more modestly since May 2009. It now stands at 6,900. The good news is that even through the economic downturn, unemployment in Peterborough historically falls between May and November each year.

Several attempts have been made to understand the numbers. In many cases, more questions have emerged than answers. The Statistics Canada area is larger than the City but not, in terms of population, but not as large as the County and City combined. So what does it really mean for the City? How is unemployment measured and is the collection of the data accurate? As interesting as these issues may be, they provide little insight into the greater jobs challenge Peterborough is facing.

Economists are notorious for making predictions, so I am going to avoid making them. There are, however, economic forces that have a direct effect on the local economy and push it in one direction or another.  Where they will lead us, exactly, cannot be determined. Many of these forces are beyond the control of businesses—big or small—or local, provincial, or federal governments. Like it or not, the international financial crisis that began in 2008, the sovereign debt issues in Europe, and the debt ceiling debacle in Washington all have an influence—and not always in a small way—on our local economy.

Peterborough is a much more diverse economy than it was when it felt the effects of economic recessions in the 1970s and 1980s. This diversity in both the private and public sectors has given it a strong foundation upon which to build. To build on that foundation requires customers: local, national and international. Our industrial sector very likely serves more customers internationally than Peterborough businesses ever have, but the global economic environment is not doing so well, and, therefore, we’re not doing so well either.

The US is, in many ways, weak. Economic fragility and instability always leads to short-sighted decisions and more emphasis on maintaining themselves than on growth. These realities in the US inevitably have a negative impact on business here.

Last week the exchange rate was $1.06 US for $1 Canadian. That represents more than a 50 percent increase from when a Canadian dollar cost 70 US cents, not many years ago. That means a product made in Peterborough and sold for $100 Canadian cost the US customer $70 US a few years ago. Last week that same item would have cost the US customer $107 US. This clearly puts pressure on local businesses selling in the US to cut costs, and most importantly, become more productive to remain competitive.

These factors, relatively close to home, are combined with instability Europe to create a dismal view of prospects for economic growth and more jobs any time soon. The likelihood of what has been recently called "a double dip recession" is growing by the day.

The good news is that the Peterborough economy is international in scope. The bad news is that the international economy is generally not doing as well as the Canadian economy. Unfortunately, the standard of living to which we have become accustomed requires us to be a small part of a very large global marketplace.

As much as governments are the easiest to blame when an economic downturn occurs, all levels of government—municipal, provincial, and federal—have done exactly what was required to keep the local economy from suffering too greatly when the first downturn occurred almost three years ago. However, as we have seen from the recent disaster in Washington, there is a limit to what governments can do. If we are to lay blame it is not with government.

With the realities we are facing it is a waste of time to endlessly analyze what could have been done. The obvious question now is: What can be done?  Unfortunately, little can be done in the short-term since the negative forces are far beyond the ability of us, or our business and government leaders, to control, or even influence. Some measures can be taken to minimize the most serious consequences of this economic environment. The more important question is: What can be done now to be better prepared for the inevitable recovery?

In the private sector, this is a time to invest in new ways of doing business so that they are more productive and efficient when markets begin to recover. These necessary investments are much more than just technological. New organizational processes and partnership need to be explored, evaluated, and acted upon. The economy that will eventually emerge will not be the one that we enjoyed before November 2008. It will be much more competitive. We must be prepared for that inevitability.

In the public sector, the infrastructure—physical and human—must be put in place for the recovery. All levels of government should be commended on the initiatives that they have undertaken to improve the economic foundations of the area. There is no doubt that the physical infrastructure is being improved and expanded.  Educational opportunities and new facilities at both Trent and Fleming have expanded, and the recent announcement concerning skills training at Fleming will ensure that skilled people will be ready when the recovery comes.

The more difficult question is: What can the unemployed do? Even though there are examples of well-educated people who are unemployed, the truth is that those with higher levels of education have greater job stability and significantly higher incomes, overall. With the competitive pressures growing for business, those who will be first employed when the recovery arrives will be those who can contribute most to the future success of the business—the ones with the greatest productive and creative potential. 

With few opportunities to gain experience during the economic downturn, the only way to improve ones’ productive potential is through education. With the government investments that have been made to expand both Trent and Fleming, the opportunities to improve ones' productive potential are right here in Peterborough.

From a community-wide point of view, this unexpected economic downturn can lead to even greater prosperity when it ends if we treat it as an opportunity. Businesses, governments, and people have to do whatever they can to lay a broader and stronger foundation upon with to build a stronger, more innovative, and more creative local economy than we had before the downturn. Every aspect of our community— for-profit, not-for-profit, charitable—needs to look to how they can better serve a growing community once the economic tide has turned.
 
We need to return to the natural tendency to lay blame for the current economic instability and the current level of unemployment. As I have said, we cannot blame our governments for doing too little. There is only so much they can do. And it is not local businesses' fault. They surely don’t like the current conditions, so why would they create them. Something has happened in Peterborough that goes far deeper than the actions (or inaction) of business or government. 

The real culprits in this economic disaster are those who preach and practice out-dated and consistently unsuccessful approaches to how economies should, rather than really do, work. At the heart of the financial disaster beginning in 2008 are the same failed ideas that led to the Great Depression and every financially-driven economic downturn since then. It comes down to, like it or not, the ideas that underlie the actions of business—particularly finance.

At the heart of these ideas is the nineteenth century notion that all consumers and all businesses—as isolated, individual entities—following their own motivations will lead to socially beneficial results. No other way of doing things, according to this philosophy, could do better for society. This is the philosophy that is at the heart of mainstream economics. Of course, it has been, and will continue to be, proven not to lead to socially beneficial results. The theory and the facts simply don’t match. It is amazing that we now find ourselves appealing for remedies for our current economic disease from the very people, and their unwavering ideas, that made us sick in the first place.

It is ironic that those preaching the pro-individual, anti-social dogma cherish competition because of its ruthless punishment for those who fail in the marketplace, but they are not willing to live by the same rules themselves. Not one of the US business leaders who, beyond a shadow of a doubt, contributed to the global crisis, have been made accountable for their actions—and accountable to society, not just their shareholders.

More disturbing, especially in a time of high unemployment, are the cases of those who preach the failed ideas and praise the rigors of competition and accountability but do so from behind guarantees of lifetime job security. Why should we expect positive change when there are no incentives to get it right for society?  Those who are in a position to influence the economy but get it wrong are unaccountable and keep their jobs. Those who trust those in positions of influence, pay the price.

In times of crisis, it is much easier to find and focus on the true heart of the matter. We are in an era of unemployment and deficits—deficits of many different kinds. The most serious deficit we now face is the deficit of economic ideas that are relevant to our time—not the nineteenth century—and the deficit of will to rid us of the root cause of economic disaster and the unemployment that comes with it.  

[Contributed by PtboCanada's Tom Phillips Ph. D.]

[Editor's Note: Phillips is Economist & Sustainability Director - Greater Ptbo Innovation Cluster. This is his 4th column for PtboCanada.com. Click here to read his first column for us on Peterborough's "Creative Class", here to read his second column "Growing Peterborough From 'The Inside-Out'", and here to read his third on Peterborough's astonishing record of success in lacrosse.]

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A Tourist Mobile Unit Has Been Set Up Outside Peterborough Square

Man seeking info

Located outside of Peterborough Square, the GoDowntown mobile unit set up by the Downtown Business Improvement Association (DBIA) is here to offer help for events and destinations, and to offer general info to locals and tourists alike. So ask away.

[Contributed by PtboCanada's Julie Morris]

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