Updated August 30, 2018 04:10:28 BMOHARTFORD, ONT.—As a senior director at BMO, Robyn Taylor was an early adopter of the $1-billion BMO-Harris Bradley project in Halifax, which was designed to provide new job opportunities to local people.
A senior analyst at Thomson Reuters Canada, Taylor is a leading voice in the global debate about what makes a successful economy.
But as she prepares for her next job, Taylor’s views on the future of the project are in question.
BMO has now spent more than $1 billion to make a major investment in the project.
But Taylor says it hasn’t helped the province to grow and retain jobs.
She said the project was not a big driver of economic growth.
“What I think it has done is create this sort of bubble around this project, and the bubbles that are around it,” Taylor said.
“They’ve created a bubble that has created a lot of very bad outcomes.”
She added that BMO is still paying a higher price for not having the right strategy and the right management.
The BMO project was initially announced in 2008, but the province’s plan to replace the aging BMO Centre for Research Excellence with a new building was announced in 2010.
This $1.9-billion project will be built in three phases, starting with the Centre’s east wing and finishing in the Centre, where it will house a number of scientific centres and universities.
The centre’s east building will house an innovative and innovative research institute, a research hub, offices and offices for government and other public sectors.
In addition to new jobs, the Centre will provide new economic opportunities and attract more students to the province.
In a report released on Monday, the Nova Scotia Economic Development Agency, which includes BMO and other major Canadian and international players, said the Nova Scotians “will continue to have the greatest number of permanent jobs, higher levels of educational attainment and higher rates of employment with the highest levels of education attainment of any major province.”
The report also said Nova Scotia’s economy was already in good shape, with the number of people with jobs increasing by about 40 per cent between 2016 and 2020.
The report said BMO Canada had a plan to build a new, fully operational Centre in 2017, but there were “some issues” with that plan.
A spokesperson for BMO said the province had not yet decided whether to fund a new Centre and the province would wait to see how the BMO study is progressing before making any decisions.
Taylor said the report “is a bit of a shocker.”
“I don’t know what they’re trying to say, but I think there are some very good and good jobs that would be lost if they didn’t have that funding,” Taylor told the CBC’s The Early Edition.
“I think that’s a huge mistake on the part of the government to spend money on this project that’s not going to do anything for Nova Scotia.”
In April 2017, the province spent $6.9 million on the project, including $1 million from the federal government and $3 million from private donations.
It is also being used to pay for a number other upgrades and improvements to the building, including a $600-million renovation of the east wing.
The Nova Scotia government has committed $300 million over the next five years to improve the Centre.
The province also announced a $1,500-million contribution to the project in 2017.
The new Centre will also house the NovaScotians Research Centre.
While the NovaSAR Centre is funded by the federal and provincial governments, the new Centre is also funded by private donations, and by a private company, BMO.
Taylor says the project is “a little bit of an embarrassment” to Nova Scotia.
“It’s just kind of sad,” she said.
She also noted that BMD is “not doing a good job” of delivering on the original plan to make sure it is built in a way that is sustainable and safe.
Taylor is calling for a moratorium on all private donations and said the government needs to hold all private donors to account for their investments in the centre.
“When they’re spending $100 million to build the Centre without having it done in a sustainable way, I think that is a big mistake,” she added.
“The NovaSars research centre is still in a bad state.
It’s not done, and it’s not safe, and there’s a lot more that needs to be done.”
BMO spokesman Adam Taylor said that the Nova Sars Centre will have a major impact on Nova Scotia in the future, as the government plans to expand the Centre and its research activities.
“Our hope is that NovaSARS can play a key role in the development of the country’s research infrastructure, and we’re delighted that BMA has contributed to this project,” Taylor wrote in an email to the CBC. “While we