NRE discussions stall over lack of business plan, continued financial confusion
NANAIMO — “This has been going on for five years and we don’t have a business plan?” a Nanaimo councillor asked skeptically during yet another debate about helping the Nanaimo Recycling Exchange pay for a new facility.
For the second time in two weeks, the NRE was in front of Council about a request for $6.05 million to fund a new building on land beside their current site on Kenworth Rd, which closed earlier this month to allow site demolition in the face of their lease expiring at the end of the month.
After facing heavy criticism last time about their lack of a business plan, critical information wasn’t presented again to councillors Monday night.
“It’s not matching up to me,” coun. Bill Yoachim continued, addressing coun. Diane Brennan’s motion referring the NRE issue back to staff for further discussion about a business plan.