Columnist Attacks Ubisoft Toronto Deal

July 11, 2009 -

The recent news that the government of Ontario would fork over $263 million to Ubisoft for a new studio in Toronto remains controversial. In today's Globe & Mail columnist Marcus Gee is beside himself over the decision:

With a budget deficit of $18.5-billion, your provincial government is strapped - but not so strapped that it can't find a quarter of a billion in the pocket lint to pay some Frenchmen to set up a new video-game studio...

 

Ubisoft executives say they are in love with Toronto... But game developers are a footloose bunch, jumping from place to place in search of talent and government handouts... Who is to say they won't jump across the pond when the [U.K.] tax picture changes. Or when currency-exchange rates make Canada less desirable...

 

That quarter-billion has to come from somewhere, much of it from good Toronto businesses that don't have the buzz factor... Their tax burden will rise, and their business will suffer, while the cool kids in the video-game industry collect government cheques.

Meanwhile, David Olive at The Star seems cautiously optimistic about the Ubisoft deal:

Corporate welfare is tough to justify at the best of times... Could there be better uses of public money than developing the next generation of Assassin's Creed... And at a cost of $329,000 for each of the up to 800 workers to be employed by the new Ubisoft Toronto?

On balance, the investment is probably wise...


Comments

Re: Columnist Attacks Ubisoft Toronto Deal

"Or when currency-exchange rates make Canada less desirable"

Um, what?  While the exchange rate has fluctuated some, it's still quite high as compared to the american dollar.  In other words it's ALREADY "less" desireable.  Chances are the the canadian $ will become cheaper as compared to the USD, so this is unlikely in the extreme.

Further Ubisoft has massive investments in Quebec, so the exchange of the CAD is not something new to them.

Re: Columnist Attacks Ubisoft Toronto Deal

Slow news week?

Re: Columnist Attacks Ubisoft Toronto Deal

No, why do you ask?

 

Andrew Eisen

Re: Columnist Attacks Ubisoft Toronto Deal

Probably because we have had 3 stories about this in a week when the first would have sufficed. In my opinion.

--------------------------------------------------

I LIKE the fence. I get 2 groups to laugh at then.

-------------------------------------------------- I LIKE the fence. I get 2 groups to laugh at then.

Re: Columnist Attacks Ubisoft Toronto Deal

Nah, that can't be it.  There were over 30 other stories published in the last week.

 

Andrew Eisen

Re: Columnist Attacks Ubisoft Toronto Deal

If the French had it their own way they would leave Canada and bring Quebec with it.

 

Re: Columnist Attacks Ubisoft Toronto Deal

 

but not so strapped that it can't find a quarter of a billion in the pocket lint to pay some Frenchmen to set up a new video-game studio...

 

Whoa, Racist much.  I guess this guy has something the French.

 

mikedo2007

 

 

Re: Columnist Attacks Ubisoft Toronto Deal

I don't think racist means what you think it means.

Parallax Abstraction
Ottawa, Ontario, Canada
blog.digital-lifeline.ca

Parallax Abstraction
Ottawa, Ontario, Canada

Re: Columnist Attacks Ubisoft Toronto Deal

OMG! Frenchmen in Ontario! Hide your children!

Re: Columnist Attacks Ubisoft Toronto Deal

Canada is such bizarre place...

 

Seriously, french and english togheter in the same place, with one continously hating each other, but refusing to separate...

 

It is like two kids that decided that they both own a toy (own alone that is...), and ended sharing the toy because none of them want to give it away to the other...

 

criadordejogos.wordpress.com

--- Maurício Gomes twitter.com/agfgames

Re: Columnist Attacks Ubisoft Toronto Deal

but not so strapped that it can't find a quarter of a billion in the pocket lint to pay some Frenchmen to set up a new video-game studio...

Now that just seems prejudice against French people more then anything.

Re: Columnist Attacks Ubisoft Toronto Deal

Also, provinces are seperate enough that they squabble over who is paying the most taxes where.

 

Edit: I am an idiot, and apparently Ubisoft is from france. I was assuming this was a "you give tax breaks to quebecois companies" issue.

Re: Columnist Attacks Ubisoft Toronto Deal

Once again, the government isn't paying anyone nor are they giving anyone cheques in this deal, it's simply a tax relief, making it cheaper for them to set up shop.

 

They're still going to pay taxes, the government will just collect a bit less. A bit less by the way, is a lot more than nothing.

Re: Columnist Attacks Ubisoft Toronto Deal

Please. No decent journalist is going to let facts and truth get in the way of a good sensationalized story. Truth doesn't sell stories anymore. Won't someone think of the children? Etc. Etc.

 

I need a beer.

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