In March 2003, when the Mayor was Peter Delanty, the Town of Cobourg purchased Northam Industrial park with a loan (mortgage).  In March 2018, the full amount of $13,330,027 of this loan was repaid.  Over the period to date, the revenue earned has contributed to the Town’s operating and Capital Budgets – details below.  Each quarter, treasurer Ian Davey provides a report on the finances and the Q1 2022 report was provided at the CoW meeting on July 11.  Included in that report was some financial information not usually provided: the total contribution from the Park to the Town’s finances.  Some people have said that the Town should be run like a business and it’s clear that this is already… Read complete articleNortham Industrial Park – Status Q1, 2022