Update: The Hamiltonian has asked Clrs. Farr and Jackson for clarity around how much the canal washroom was initially estimated at, and if there is, in fact, a cost overrun, what accounted for that overrun. Stay tuned. We will post the answer verbatim, when we receive it.
Those that have been following the controversy around the Hamilton Waterfront Trust and concerns that some have expressed around its financial and operational management, will know that the cost of building a canal washroom was one component of the questions that were, and perhaps still are percolating.
At a recent GIC meeting, finance chief Roberto Rossini provided some clarification. Rossini explained that the cost of the washroom was captured in an invoice that also included other costs such as management fees, rest areas etc. and thus the overall cost attached to that invoice ($681,000.00), cannot be assumed to be that of the washroom being built.
Rossini's comments at GIC were consistent with those he provided The Hamiltonian in the past. (See 1:17 on the video).
For clarity, Mr. Rossini has confirmed in the past, and has restated today to The Hamiltonian, that the cost of the washroom was approximately $200,000.00.